Market Comment (S&P 500 1296) (DJII 11304)

We are finally in the process of completing short term pullbacks from what I would define as clear breakouts above 100-Day Moving Averages for the S & P and the DJII. I had suggested in a blog published on August 20th, that I would like to see a late summer S & P rally. To be more specific, I would be pleased if the S & P and the DJII moved higher in a recovery that could take us into the month of October.