Most of the time, the U.S. stock market
looks to 3 factors to support its upward trend – let’s grade each of the
factors:

CONSUMER
SPENDING:  I grade this factor a C (neutral).

THE
FED AND ITS POLICIES:  I continue to grade this factor an A+ (extremely favorable) because the
FED cannot do much more than it is doing to support the stock market and asset
prices.  And, the FED announced (9/18/2013)
it intends to continue the highly accommodative policy to stimulate the
economy. 

BUSINESS
PROFITABILITY:  I graded this factor an A (very favorable).  NOTE:  3rd
Quarter profit reporting season starts this upcoming week.  We will watch the results carefully. 

NOTE: 
the above grades are unchanged from last week.