The abundance of news last week -- most with a positive slant -- finally boosted the S&P 500 out of the Channel of Gloom in which it was mired for so long. Not only did the S&P 500 break out of the channel, but it is now threatening the 200-day moving average, having surpassed the 50-day MA last week. Read more about WHAT THE MARKET WANTS: The Thundering of Little Feet

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Since the market ditched its typical Monday mania today, maybe we can escape the inevitable depression that has followed in its wake. Read more about WHAT THE MARKET WANTS: Market Searching for Support

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