Bob Dickey Market Quotations

Well, maybe it's not quite that much of a fairy tale, but the breakthrough and clear close above the 11,000 mark for the Dow does help to remove one of the more meaningful technical barriers that the market has been dealing with for the past three months.

The market has been in a rotational uptrend for the past three years, which is confusing, as not all stocks are moving in the same direction at the same time.

We had retail sales numbers which were a little on the weak side. The CPI which was very good this week, and yet the market has not been able to react for more than about 20 minutes. And so maybe we're looking for something bigger, maybe something to do with the presidential election coming up might be enough to drive the market through these areas.