As expected, the highs keep rolling in these days. Last week was the third in a row that the Dow made an all-time high. It’s now just 20 points away from the 12,000 mark. The S&P is climbing strongly too, setting new recovery highs each week.

Is this the start of a new bull market, or just the last gasp before a renewed bear? Only time will tell for sure. In these updates, we only deal in probabilities, not certainties. And right now, according to our technical indicators, the most probable short-term action is higher share prices. This bodes especially well for the big cap, quality stocks we’ve been encouraging you to invest in, such as Johnson & Johnson (JNJ), United Parcel Services (UPS), Eli Lily (LLY), General Electric (GE), Intel (INTC), and Microsoft (MSFT). Most likely, they will lead for the remainder of this rally.

Even more exciting, our Long-Term Master Key is flashing bullish for the second week in a row. (Just to remind you, a buy signal results whenever oil prices have declined year-over-year.) Over the past 30 years, stocks have never fallen more than 5% during the six months following a buy signal from the Long-Term MK.Read more...