No doubt the computers have been programmed to prop the markets the most on Mondays. This is especially so today as existing home sales data was horrific this morning.

Regards - VHF

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Monday Bull Markets Still Intact...For Now

B.I.G.

January 25, 2010

For several weeks now, we have been highlighting the "Monday Bull Market" in the S&P 500. If today's gain holds, the S&P 500 will have started off the week with a positive return in 16 out of the last 18 weeks (89%). While weeks have had a tendency to get off to a good start, they haven't necessarily finished that way. Since the end of September, the S&P 500 has averaged a gain of 0.83% on the first day of the week and a decline of 0.54% for the remainder of the week. Last week the index was down 5.08% from Tuesday's close through the end of the week (Monday was a holiday).