REITs have broken out to the upside. Did anyone anticipate this?

If all you do is read headlines, it would seem that the US is making steady progress toward solving some of the most pressing issues of the day. President Obama went to Copenhagen last week and came away with an agreement which calls for developed nations to provide $30 billion to help developing nations deal [...]

The S&P 500 has stalled at the 50% Fibonnacci retracement level as measured from the all time high:

My target going back to the spring has been the 61.8% retracement level. That level also corresponds nicely with the previous support at 1200-1250 and therefore is a logical target or at least it is to me. The current [...]