SHORT TERM: market remains modestly higher throughout the day, but closed mixed.

This morning stocks opened higher, took some selling until 10:00, bounced around a bit, then made higher highs for the day around 2:00. The SPX/DOW/TRAN/R2K all made new bull market highs, and the techs held steady closing higher. Bonds gained a few ticks, cRUDE touched yesterday's lows and then rallied late in the day to another short term high, (up $1.80), when additional sellers failed to appear at the lows. Gold remained lower all day down $10 and the Euro remained lower as well. At the close: the SPX/DOW were mixed despite the SPX hitting 1449, and the NDX/NAZ were 0.33% higher. Short term the hourly charts continue to display negative RSI divergences in the SPX/DOW, but the NDX/NAZ readings remain neutral: mixed signals on a mixed day. Overall the market continues to look good. Enjoy your weekend!

MEDIUM TERM: bullish

LONG TERM: bullish.