Stock Market & Pending Home Sales 10/8/08

The stock market has riped higher off its lows at the open today....now we have pending home sales up 8.8% for August, compared to last year. This has rallied the markets even more.

Watch the Dow Jones...the low on Monday was 9525....we need to stay above that...or atleast close above that level. If not, we could restest the lows once again. 9525 is a key level to watch for the Dow Jones.