The powerful bull market that began in March 2009 is still in force. My overall annual targets (established in December 2010) for the Dow Jones Industrial Average, S&P 500 and Nasdaq remain at 12,800, 1,400 and 3,700, respectively. However, a consolidation is probably due shortly before buyers push the major indices to these levels.
There will no doubt be pullbacks and tests as the market continues to climb the wall of worry, but the trend is clear: The bull market has beeenconfirmed. So, traders should treat these as buying opportunities to get our top stock picks for a better price.