By John Pisanchik

This was a good week for stocks as they continued to move higher. Friday we reached the target of 1010 in the S&P Cash Index, which I called for on July 31, 2009. The index closed at 1010.48.

The coming week should see further progress upwards. I believe that we are in a new leg of the rally. There is a band of resistance here, between 1010 and 1030, so some choppiness may be seen here. The market may also want to test the 1000 level again. Overall, the market is positive and should maintain an upward bias. Happy Trading.

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