No news is good news. Since last week, reports addressing the pressing problems of the US economy has been diminishing, and the market has been powering its way up. Today, the market opened near yesterday's close and at this time of writing, she has been grinding her way up in the absence of any big news. This is what i call good technicals. I will be on the look out for changes in the general sentiment from pessimism to optimism. At the moment i think we will continue to head north for quite a while judging from the vast amount of negativity in the past 2 weeks. Until i can see a change in sentiment, i will be holding on to my long positions.
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