US market 6/1/09

Three major indices all jumped today. Last week I said Nasdaq will be the strongest, and it did. Market was so happy that all major bad news were all out, punctuated /w GM's ch11. Plus economic data released today were all positive: consumer spending dipped but beat estimate; ISM mfg index continued moving up. Economic recovery is alive and kicking. I'm so happy to see that finally financial stocks are not leading the market. Now leaders are all early cycle sectors: energy, industrial, tech, consumer discretionary. This bull is for real! And if you look around the globe, emerging markets are leading and with no top in sight. 沒有最高,隻有更高. Get on the bull ride now, or forever be left in dust!         
From TA, S&P will challenge 1000. There'll be some volatility before it stays firmly above 1000. But because market broke out of the trading range formed in the past 3 weeks, it now possess the energy to burst higher. I was 100% in the market last Friday, just sit back and enjoy the ride from now on.