MarketWrap: going strong.. follow through

Strong across the board on year-end push/bargain? and commodities stock. Fbm mostly sluggish but stable despite HS volatile swing (HS ends +19). Preclosing Fbm push again, +3p. Fkli saw short covering in the afternoon especially Dec.

Technically strong – just short of bullish as still below 86. Attempt is seen to break this resistance first. Maybe no more breakout this year as profit take expected…but potentially bullish for 2010 start. Note that SMAs are curving upwards.

Are we targeting 1314.5-1348 wide gap made in late Feb2008 in the near term? Highly likely.