The resolution of uncertainty last week around the elections and FOMC announcement allowed the market to release some pent-up energy and finally break out of its consolidation pattern. After the normal head fakes in both directions, it rallied hard such that the S&P 500 reached a 2-year closing high.

QE2 as Popular as R2-D2

by David Brown, Chief Market Strategist, Sabrient Systems

Note from Editor:

The market continues to dwell in a zone of consolidation in a virtual tug-of-war between the bulls & bears. Bears think the market needs to prove itself by testing key support levels and working off its overbought technical indicators.

Stocks Buffeted by Macro Forces

by David Brown, Chief Market Strategist, Sabrient Systems

What does the market want, anyway? I know that's the name of this newsletter, but it's not an easy question to answer in recent months, and especially in the last couple of weeks.

Last week ended with a thud as concerns about the Financial industry's foreclosure processes put a damper on the party that Google was trying to throw for everyone.

Fed Walks Fine Line Between the Short-Term & Long-Term

by David Brown, Chief Market Strategist, Sabrient Systems

The market continues to defy gravity, and every small attempt by the bears to push it down – even in this moderate-volume trading environment – is swatted aside like a pesky mosquito and limited to one-day non-events. And now the market has its sights set on new 2010 highs, and it might just get there before some much needed profit-taking and support-testing sets in.

Big Earnings Week Starts Off Slowly

by David Brown, Chief Market Strategist, Sabrient Systems