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The Chartman

Despite a ‘Freaky Friday,’ Markets are Headed to New Highs

It was a strange week, as the market looked great mid-week, then terrible by Friday’s close.  I think the situation is more bullish than not, however, and I think the market will make new highs soon.

Were you in line for the new Apple (AAPL) phone?  If so, you weren’t alone.  I wasn’t, but I still updated to the new operating system.  Is there any other product or company who elicits this kind of reaction?  I don’t think so.

Last week, my computer completely blew up, and I had to start everything from scratch. The Google (GOOG) products (Gmail, Google Docs) saved me though, and shows the power of “the cloud.”  It also shows the power and utility of GOOG.

Back next week to see if my “new highs” thesis has any merit.

Gary B. Smith joined FOX News Channel in 1999 and is currently a regular commentator on "Bulls & Bears," including his own segment called, "The Chartman."