Not a lot going on here with the indices just below major resistance. Prices have been on both sides of the board this morning and about the best that can be said is that shorts are getting little traction from pockets of bad news, like the decrease in durable goods orders.

So far we are on track for the best monthly gains since 2002 as per the talking heads on CNBC....I haven't had a chance to verify this, but it's just a number anyway and of no real import.

Earnings and guidance are still leading the charge and at this point we look in pretty good shape for this "Summer Rally' to continue. I expect it will take some number of attempts to get past near term resistance, but once through nothing to hold it back.

Go wash your socks or paint the lawn (We are still under water shortages in Southern California and the green spray trucks are hitting the streets to cover up the brown patchwork). Sign of the times I guess.