Will the double top formation confirm?  Stay tuned, could be early next week. By Carl Anderson

The stock market is facing a turning point – Up or Down?  With all the protests in Europe, China threatening war with Japan, US election, Israel VS Iran, not to mention a market due for a correction, one would think the market will turn down for a bit.  BUT WAIT!  Ben Bernanke is betting $40 billion dollars a month that it won’t go down.  So… which way will it go?  

Here is Art Cashin talking about why the markets continue higher when the data suggests otherwise:   http://video.cnbc.com/gallery/?video=3000117203&play=1

This market just made a very bullish break to the upside.  Things are looking great!  However don’t trust it just yet… By Carl Anderson