The NYSE continues its incredible ascent after crossing upward the peaks of 2011. The SP-500 has indeed made a spectacular rebound of nearly 22% since its low hit in August 2011 and nothing seems to bother American investors’ optimism.

The risk of a major crisis in Europe is passed, financial operators are now focusing on the good news after a difficult year 2011 marked by high volatility. Thus, after reassuring economic indicators in the U.S. in recent weeks, the companies strengthen the current positive trend.

The announcement of a dividend by Apple comes after U.S. banks have passed stress tests successfully and have announced they will accelerate share repurchases and raise the dividend. This positive news for shareholders supported particularly the banking sector, whose value is still really attractive.

Technically, the dynamics of the SP 500 is bullish on daily data over the 1365/1375 points threshold coinciding with the 20-days moving average. We will monitor the output of the range 1365/1425; a break of 1365 should lead to a consolidation in the direction of the 1335/1340 points. Only a break of this key level repeatedly tested in daily data would result in a larger correction towards 1,265 points. On the upward, the crossing points in 1425 points weekly closing, open the way to 1475 points.