The S&P500 and the Dow Industrials are hovering around the 61.8% retracement from their all time highs. The S&P 500 has encountered strong resistance at the 50 month and 200 week moving averages. The potential for much more gain in price (1250 still possible) is far outweighed by these and other factors. MCD has reached the 70 dollar target. It has some potential for further gains, but selling around the current level is appropriate. UUP (dollar bull) has been consolidating sideways but should resume upward movement soon.
