Looks as market consolidation was confirmed with yesterday's price action and it is good for bulls

11.13am
My stock picks: CI  MO  RRD  SPLS  SXL  YGE


EURUSD looks as it wants to test the 1.3234 (the high of 1/27/2012) and if succesfully, the next target may be about 1.3333 - the daily MA100. These actions will favor the US markets.

SPY might want to challenge the major bearish trend line (about ~133.30 today) drawing from October 2007 to May 2011 by inching up day by day.
Please refer to my post 1/27/2012 to sense more the bullish reading.