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The Dow closed above 10,000 for the first time in more than 18 months as part of a broad market rally. It closed up 86.30 to10008 with the S&P up 12.16 and the Nasdaq composite up 37.67.Bradford & Bingley mortgage bank said it was on track to meet analysts' forecasts for full-year profit and said credit quality was good, The bank said in a separate statement it would buy up to 1.4 billion pounds of mortgages from GMAC-RFC. John Laing said it was in consortia appointed preferred bidders for two British PFI healthcare projects with a joint capital value of 1.35 billion pounds Anite First half net loss narrows.

Calendar: United Kingdom	United States (GMT)	Europe & World (GMT
Anite Group (I), British Energy (I), McKay Securities (I) Bradford & Bingley Trading Statement Travis Perkins Presentation to Analysts	Adobe Systems (Q3), Piedmont Natural (Q3) 13.30 Nov Producer Price Index m/m 0.1% exp. 13.30 Oct Trade Balance -$41.6bn exp. 14.50 Dec Pre Michigan Sentiment 96.0 exp. 19.00 Nov Monthly Budget Statement -$38.0bn exp.	11.00 3rd Quarter Current Account 16.4bn exp

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- I'm off (except to enter GD shares comp over the weekend) until market open Monday - everyone have a good weekend - don't forget to relax.

Updated 12/12 for Monday's market.
Key DOW Levels for 12/15
UP Above 10,075
DN Below 9,900

Continued Uptrend
Dow continues steady push higher, ends day with 34 point gain.

From prior commentary, "...The index continues to push higher within the wide, upward-sloping range...Look for the index to continue higher within the range for tomorrow's market..."
The Dow opened the session lower this morning, but got a v-bottom reversal off the lows that sparked a steady rise the remainder of the session, seen in the 15 Minute Chart. The Dow closed above the 10,000 mark for the second straight session and continues to close in on the upper boundary of the wide, upward-sloping trading range, seen in the 60 Minute Chart.

Look for the Dow to continue higher toward the upper boundary of the range until either a break or bounce of the upper line is seen. That is where the decision will be made; An upside break through the upper boundary of the range at 10,075 will likely spark an even greater advance, while a downside reversal off the upper line will mark the beginning of a likely decline back toward the lower boundary of the range. A downside break through 10,000 will likely fuel such a move.

Short Term Dow

Short term, the Dow has formed a clear trend line beneath the lows of the 1 Minute Chart. A downside break of the line at 10,040 will make for weakness tomorrow morning. Otherwise, look for further strength above the line in the short term.

Medium Term Dow

In the medium term, we entered the market Long at 9,971 and are still in the position. We will move stops up to 10,000 for tomorrow's market to lock in some profit on a pullback. We will stay Long above 10,075, but will wait for Shorts until 9,900 is crossed to the downside, using 20 point stops.

NASDAQ & S&P

The NASDAQ and S&P trended slowly higher off the day's lows, ending the session at the day's highs. Look for further strength Monday, as each index has formed consolidations at the highs. *

Summary

The Dow moved higher off the day's lows, pushing and holding back above the 10,000. The index will likely continue trending higher toward the upper boundary of the wide, sloping range. A break or bounce at the upper boundary will be key.