The market is in the most troubling of all possible situations.

We have a split decision by the experts; a pull back with a W chart pattern or an extension of the amazing bull run since March. I’m here to tell you, it doesn’t matter. Read the full story

Everyone loves watching the market run. The last two or three months have been breath taking. Whether you believe this rally is real or a bear market trap, it’s been a lot more fun than last fall. Read the full story

Monday:

Earnings Announcements: BIDU, QCOM

Tuesday:

Economic Reports: Consumer Confidence, S&P/CaseShiller Home Price Index

Consumer Confidence is expected to show an improvement in April, although by a less than impressive amount. The reading is supposed to show an uptick of 2.8 percent, however an increase of 5 percent or more is considered ‘significant’. At this point, I think the economy will take any positive move it can get, small or not. Read the full story

Since the market turned around and started doing its rocket imitation, most people I have spoken to are shaking their heads saying, “it isn’t real,” “it has no legs”and“its 1933 all over again.” Since when are we supposed to be suspicious of a rally? Read the full story