Bullish Bernanke

Short of announcing an interest rate cut, Bernanke told investors exactly what they wanted to hear and the market responded in kind.

After all of the back and forth range-bound trading we've seen over the past 9 trading days, today's breakout certainly won't go unnoticed or under appreciated. Unless, of course, you've been on the wrong side of this market and/or hoping for a larger pullback than we've seen. New highs have a way of putting the pressure on and bring back investors who thought that better opportunties await the patient. As the saying goes, bull markets never let you buy comfortably. This one continues to prove it again, again, and again.

As always, I hope you're making both smart and profitable trades and keeping everything in perspective. Love is in the air today. Enjoy it - it certainly won't last forever!