The Week of Reckoning...

The Dow was up 3 weeks in a row last week! This is the first time the Dow is up 3 weeks in a row in 2008! So, anyone still thinking we are in a bear market? :) The Dow has accumulated a total gain of 5.87% since this rally begun 3 weeks ago and anyone who still cannot recognize this as what it is should retire from the capital markets.

All in all, the heavyweight week last week went well and almost all the numbers turned in supporting a market recovery. This is going to be a quiet week ahead, a good week for investors to properly digest the data from last week and to make a move this week. With a mere 200 points away from turning this year from negative into positive, I am more certain than ever than 2008 is going to be a great year. Do not be surprised if the Dow pullback a little from here due to the 13000 resistance zone. However, if the Dow followed up to upside again tomorrow, we can kiss the 13000 resistance goodbye. Never been a better time to be in the market!

Walking the talk, I made over 40% profit riding the market upturn using call options on JBHT. Check it out on the front page of MastersoEquity.com.