WOW!! HAPPY EASTER!

Today was a strong move. We clearly broke above resistance on the S&P 500. The volume was average but there was some strong buying taking place. I want to look at the larger picture on the S&P 500. We could have some pullbacks along the way, but one larger target we can look at is the 950 area. This was the high of the December 2008 rally. If we can reach this resistance area and pull back to around 750, we would have a textbook inverse head-and-shoulders pattern. This would be a great pattern to help launch a new bull market. In the shorter term, the target would be around 875. Money is coming back into the market. There are a lot of stocks that are starting to trend upward. The "pop" we got in the financials today could be attributed to a lot of the short sellers getting squeezed. That is very bullish for the longer term trend of those financial stocks. I captured close to 300% today on a riskier trade I made on the FAS which is an ETF that is 3x's the move of the financial index. Many of the stocks we have been following on the blog made nice moves today. TXT shot up over $3 (39% move on the stock). AAPL was up over $3. I could go on and on. I expect some success story e-mails over the weekend because I know some of you made money today (even if you didn't trade any of these stocks). You can e-mail those success stories to jerry@myoptionmagic.com. Jesse just added a new feature to his Market Trend Signal software program. You can now look at a chart of any stock you like and see whether or not it is giving you a buy, hold, or sell signal. If it is in a "buy" area, the chart will be green...hold = yellow...red = sell. This would be a nice confirmation tool to use for your trades. It is also a nice tool to use for managing your trades. Why get out of your trades too soon if the chart is still giving a "buy" or "hold" signal? For more information and a free 30 day trial, go to http://www.orbisadvisors.com/the-market-trend-signal.php. Have a great weekend...and a great holiday for those that celebrate Easter. May the Easter Bunny be kind to you...he already gave you some great option trades.