Market in Uptrend...For Now

The markets have been in an uptrend since the July 15 lows. The S&P 500 Index, a broad measure of the 500 biggest U.S. companies, has elevated over 7% since hitting it's low in mid July. Looking at the market from a technical and supply/demand perspective, we could see the markets rise another 3-5% in the short term, but at that point the market will hit an important inflection point - long term supply/demand factors come in to equilibrium at that point and you may have the risk of a lot of institutions exiting out of the market (after they hit their break-even points). The movement of the S&P 500 when it reaches 1325-1350 will be a key tell...