- Spain's Debt Costs Near Danger Level: Is Bailout Next?
- US Markets Will Be Watching Europe—And Jobs Report
- European Companies Plan for Greek Unrest and Euro Exit
- Public Pensions Faulted for Bets on Rosy Returns
- Greece to Leave Euro Zone on June 18: Wealth Manager
- Italy 2-Year Borrowing Costs at Peak Since December
- Euro Bond Wins Supporters, but Details Remain Vague
- German, UK Bond Yields Will Go Even Lower
- Labor Board Member Resigns Over Leak to GOP Allies
MOST SHARED
- Greece Pours $22.6 Billion Into Four Biggest Banks
- Spain's Borrowing Costs Near Danger Level: Bailout Next?
- Will the Euro Misery Give Rise to Another Soros?
- Greece to Leave Euro Zone on June 18: Wealth Manager
- 5 Spots Where the Dollar Buys a Great Vacation
- European Firms Plan for Greek Unrest and Euro Exit
- Public Pensions Faulted for Bets on Rosy Returns
- Winemaking Lures the Wealthy, But Not With Profits
- Hostage to Headlines
- Citigroup Lost $20 Million on Facebook IPO Trades
MOST POPULAR
HOT ON FACEBOOK
S&P Charts Full of Bull (Market)
Text Size 
The S&P 500 index is still in a bull market and can make a move to 1,170 if it can hold on to current technical levels, Jeffrey Weiss, chief technical analyst at Jesup & Lamont, told CNBC Tuesday.
"A bull, in my opinion, was born. I believe the bull started… at the end of July, early August when we overcame 960-980," Weiss told "Squawk Box."
Wall Street is enjoying a six-day winning streak. On Monday, the Dow and the S&P 500 registered their highest closes since October 1, 2008.
The S&P [.SPX
Loading...
()
] hit a low of 666 in March and has been rising ever since. The fact that it has been closing above 1,120 since Dec. 23 is a positive signal, according to Weiss.
If the index stays above the 1,120-1,125 area by 1 percent or more, it may rise to around 1,170, he explained.
Data is a real-time snapshot *Data is delayed at least 15 minutes
