The big news of the night, at least for the media, was the S&P 500 rising again through the psychological 1000.0 barrier. As far as we’re concerned what has been more important is the recent break of resistance and the ability of the market to hold those gains. That has what set the foundation for this ongoing strength. Positive sentiment is fuelling positive sentiment and its confidence that keeps the market moving in either direction. Small snippets of good news continue to flow and bad news is shrugged off. This strength, albeit stretched, looks set to continue. As stated elsewhere and repeatedly, you can’t fight it. The risk is not being involved.