Full Speed Ahead: Stocks May Top 2012 Highs

Technicians see an uptrend in place that could easily take stocks back to their 2012 highs. Stocks in the past two days have been lifted by better-than-expected U.S. economic reports and earnings news, after last week's sell off, according to the gurus at CNBC..... Wednesday is another big day for earnings reports, with early morning releases expected from Bank of America, Pepsico, BlackRock, Bank of NY Mellon, US Bancorp, AMR, Knight Capital and Halliburton. There are housing starts at 8:30 a.m. After the bell earnings are expected from American Express, eBay and Stryker..... "There's no real resistance level we've broken, but if you take a step back and think what we've done since June, we've been this this big uptrend," said MacNeil Curry, technical strategist with Bank of America Merrill Lynch. The market has been correcting in the past several weeks but stayed above the April high of 1422…………………………………………………………………………………………………………………………………………. Find out more at http://finance.yahoo.com/news/full-speed-ahead-stocks-may-043944288.html