Mid-Market Update: We have talked about a continued run higher into March but we warned yesterday the month has been very volatile in recent years. We can’t wait as we are looking forward to a continued breakout or a back test that could get serious if support levels fail to hold.
Pre-Market Update: The market opened mixed on Thursday as Wall Street awaited Fed Head Janet Yellen’s testimony on Capitol Hill and once she finished, the bulls had the feeling she has their backs.
Mid-Market Update/b>: The Fed Head’s Q&A session today on Capital Hill went rather smoothly as Janet Yellen briefed the zombies on the Fed’s plans moving forward. She seemed rather calm and well prepared for the grilling session and the market is responding with another trip past resistance.
Pre-Market Update: The trading pattern inside the current trading range continued on Wednesday as the bulls made an opening run at the start of trading with the bears grabbing the horns by the close.