Everyone's cheering the upward move in the DOW, S &P and NASDAQ markets in the last few weeks.
There have been various theories as to what could happen next with the market and how long will this continue. I found a few which I can highlight here:
After a spectacular rally from the lows seen last month, the S&P, the DOW appears to be running into overhead resistance.
Investor Sajal has highlighted few key points in his blog in Seeking Alpha. Analysts are making different kinds of predictions from this being a bear market rally ready to loose steam or beginning of a new bull market to a bear market rally that will suck in more traders.
Mick Weinstein gives us a good summary at yahoo finance .
The coming few weeks are earnings weeks which is where the market swings in different directions in one-two day intervals.
In my opinion we will see some back and forth in some target area until earnings season is over. The direction of the market will be decided once the earnings season comes to a halt.