In last week’s blog, I suggested that that the DOW could move up to 9088.  We finished 5 points higher than my projection at 9093.  The market has shown incredible resilience as the bulls refuse to relinquish momentum.  Support resides at 9088 and 8878 with the upside target at 9654.  There is nothing to suggest that the bullish move is over.  I have been long since early March and will remain so until the Market tells me otherwise.

The SPX finished the week at 979, above the 944 and 956 targets from last week, but short of 1007.  We will likely continue to challenge 1007 and then 1044.  The index looks strong and should continue its ascent.  Support resides at 956 and 944.

The COMPQ closed lower on Friday essentially due to poor earnings from MSFT and AMZN.  The index pulled nicely off of its lows to close right at it highs for the day.  I suspect that the lower close is to be expected after over two straight weeks of gains.  I view this as nothing more than a buying opportunity as the index continues its trek higher.   There is support at 1947 and 1880and the upside target is 1984 and 2070.

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