That was one helluva goal line stand!

Over the weekend, we told you the market was at important support and that a goal-line stand was needed. Holy crap Batman! Not only was it a goal-line stand, but the reversal Monday has led to a major league ramp back to the mid to upper levels of the trading range. This is the same m.o. the market has lived by for quite a while. Distribution leads to a top…leads to downside….leads to a reversal day or two…leads to a ramp back up like nothing ever happened. Major indices are back up near the tips. And now it is amateur technician time…IF PRICE MOVES OUT OF RANGE TO THE UPSIDE, WE WILL TYPICALLY GET ANOTHER LEG UP OF UNKNOWN PRICE AND TIME.

The good news is that some decent leadership has showed up. Several DOW stocks are either breaking out or about to break out. Names like BA,DIS and V move out on earnings…with names like MMM and UTX on the verge.

As usual, we will have our award winning weekend report on everything you need to know.

To sign up for our free daily report delivered to your email…go to http://bit.ly/1IuL8zT