The market continues to hold on to its gains of the last week very well. It certainly feels like there's a ton of support just underneath current levels. The S&P 500 seems to be drawn to the 1,000 level like it's a magnet. The Dow is acting similarly with 9,400. We're still short-term overbought territory though, so I can't get too excited about the upside from here unless we cool off a bit.
On a different note -- I was just looking at the S&P 600 and the Value Line Index, and was very surprised to see that they both are near all-time highs. Both of these indices are saying 'what bear market?' and 'what bubble?'.
The difference between the Value Line Arithmetic and Geometric Indexes revealed! It all depends on how you calculate things... My wife once explained the difference to me, but it went over my head, as usual, lol.