Strong Day

Yesterday was a strong day for the market. A big gap opening in the morning and the market held its gains all day - no late day sell off. The S&P closed above 900 but gave some back after hours. The Dow did not close above 9000. If the market moves up today, the numbers to watch are 930 for the S&P and 8941 for the Dow. These are the 50 day moving averages. The 50MA is often a point of support or resistance for the market.