By ITMS News on April 11th, 2010 2:47pm Eastern Time
The bull run lives on as the S&P 500 cash index gained another 16 points this past week. Also note the SPDR S&P 500 ETF (NYSE:SPY). This move higher comes as the Dow Jones Industrial Average (INDEXDJX:.DJI) tagged the psychological 11,000 level in the final 30 minutes of the trading day on Friday, April 9th. The market continues to climb higher despite the rather poor volume trends. The overall rally is now 57 weeks long in time. This climb higher has been rather remarkable as it has rallied for a lengthy period without a single ten percent correction. The next major weekly resistance level for the S&P 500 will be the 1225 level. The 1200 level will be minor at this point, however, it is still an important psychological number for the public.
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