The stock market is trying to end the week on a positive note, although it's had a good run and the uncertainties of Europe, the election and the economy are starting to climb once again.

The S & P 500 (SPX) has a chance to move higher but it really has to deliver a convincing close above 1318-1325 in order to keep the bulls happy. The index managed to close above this key resistance band on Wednesday, but gave the gains back on Thursday.

The uncertainties of the situation in Europe are back. And the Euro (FXE) is starting to struggle after a decent bounce over the last few weeks. The Euro needs to remain above 1.30 in order for the current up trend to retain its momentum.

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The S & P 500 broke above the 1318-1325 resistance area. The index is now on a momentum run, which could well last for the rest of the month before some kind of pullback takes place, barring external issues that could develop.

SPX has remained above its 20, 50 and 200 day moving averages since December 20, 2011. This is becoming a well established up trend.

"Buy", "Sell" and "Sell stops" are based on the criteria put forth in Dr. Duarte's books "Market Timing for Dummies" and "Trading Futures for Dummies."

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