now that the S&P has found the short-term support, near the 1090 level, traders will focus on the next resistance level, which is around the 1120 area. If the bulls manage to take out that level, then better times are ahead - we’ll go straight up to 1150 in no time.

現在標普已經在1090點附近找到了短期支撐，交易者應該關注下一個阻力位，大約在1120點。如果多頭成功攻佔這一阻力，前景將大為改觀，有可能迅速殺回1150點

it’s commonly believed that the broad market rally can not carry very far and very long without participation from the financial sector. If this is true and the renewed strength in the sector that we have seen recently can be sustained, then U.S. equity market could have a very solid year. What this means is that the powerful combination of the major indices at new 52-week highs and the financial sector’s leadership will help propel stocks above the important psychological 1200 level on the S&P 500 index, then all the way to our medium-term target of 1250.

大家普遍認為，如果沒有金融板塊的參與，大盤的上漲在幅度和時間上都難有太大作為。如果真是這樣，而且我們最近看到的金融股重新走強的趨勢能夠持續下去，那麼美國股市今年定將大有斬獲。這意味著各大股指站上52周新高和金融板塊重新領漲這兩個因素結合起來，可以幫助標普500指數一舉突破 1200點的重要心理關口，然後一路奔向我們的中期目標：1250點。

CEM News - Market Outlook (the technical analysis of financial markets) for January 6, 2010: “…XLF had broken solidly above the October trend-line resistance. This is a short-term positive. Money Flow measure also strengthens the bullish case as it trended higher from above the zero line, signals accumulation. Right now the most important thing to look for is…” Subscribers, please login to read the rest.