CNNFN: Market Watch

Tomorrow will be a very interesting day in the market considering it is going to follow this round of headlines:

• Friday rally lands Dow industrials, S&P, Nasdaq at 2009 highs; oil also ends at '09 high (8/21/09) Hardly a news-worthy story at that time, but it kept the wheels in motion for more interesting headlines.
• Dow industrials' winning streak hits seven as U.S. equity indexes eke out gains (8/26/09) And that verb was on the money! The DOW closed up by a mere 4.23 points, i.e. .04%. "Eked out" indeed.
• U.S. stocks close higher; 8-session Dow winning streak is longest in 28 months (8/27/09) The past longest "winning streak" was in April 2007, and the markets peaked that October. Obviously, there is no way the markets will peak within the next year or two, but at the same time, these are promising signs.

Right now, the DOW is sitting above 9,500, and in my previous post, I said that "I don't think we are going to see a big gain until 4Q," but these little consecutive gains will definitely add up. If the market does retreat, it will be interesting to see if 9,000 is a resistance point for it or if it will dip below that benchmark.