The futures is trading past yesterday's highs following a brief overnight correction during the Asian session.
The market climbed steadily after the European market open.
And the dollar is strengthening against the Euro and Yen.
The perception is that most of the bad news is behind us as UBS writesdown $19 Billion and raises $15 Billion in capital. The markets are also excited about higher prices for chipmakers and positive outlook for Unilever.
Yesterday, the S&P 500 Index found support at the 1320 level. 1340 and 1360 are areas of resistance.
Charles
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