Market Commentary

The stock market has been trading in a range since the beginning of August, and finally moved out on the upside of that range on Friday, Oct. 21st. Today, the market continued its advance, as the news from Europe seems to be less dire than during the summer. Also, technical indications that I follow are giving favorable signs for a year-end rally, perhaps even to the April highs of the year.  
While no market indicators are perfect, there are signs that a more favorable trading environment could be setting up for the near term.