Here the markets sit after climbing near the top of this year's range, and though they look a bit winded, they have continually marched over bear preachings. Tech has the look of a leader but let's face it, it is always where the weakest hands are. DJI is perched to move higher but has not taken out this months highs. The spot SP500 has just over fifty points to rally to get higher on the year but it may be the toughest rally all year.
Peering over the second half of the second quarter the markets are usually at a point in an election year where all the candidates begin offering 'elect me' incentives. But this year, with expanding credit crunch talk and talk of $5.00 gas prices by labor day, this may be the point where the bulls start feeling the front of the line pushing back.
