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  The markets are inching higher once again today. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $140.58, +0.96 (0.69%). This represents a master resistance level hit in the markets and predicts storm clouds and downside coming. The key to understanding the markets is to always go on the opposite side of the hype. The markets expect QE3 from the Federal Reserve, a major bond buying program from the ECB and more. This means these have already been factored into the markets based on the recent move up. Should they occur, the markets have already risen to include them. Should they not occur, the markets would crash. The risk is holding to the the upside while the greater reward is being short or in cash. Let this serve as a warning...
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Gareth Soloway Chief Market Strategist www.InTheMoneyStocks.com