March 13, 2009 (FinancialWire) (By Frank Kollar) -- Since Tuesday, March 10, the stock market has been in rally mode. Can this be the start of a trend that has staying power? With extremely oversold conditions, the stock market has been overdue for some upside. But how much higher can it go? Tuesday's rally had a breadth surge with 25 to 1 up volume over down volume on the NYSE. This has been a technically bullish indicator in the past. Especially when accompanied by another breadth surge within the next three months. On Thursday, only two days later, the NYSE had a second such day with 19 to 1 upside volume over downside volume. By this indicator, we have a rally ahead. How long is in question, but for the short term, higher highs appear to be in store for stocks.

The Investrend Earnings Calendar features Compass Div Hldgs (NASDAQ: CODI), expected at $0.38; GeoMet (NASDAQ: GMET), expected at $0.06; Piedmont Natural Gas (NYSE: PNY), expected at $1.12; Sun Communities (NYSE: SUI), expected at $0.72.

The Investrend Economics Calendar lists Import/Export Prices for February (8:30 a.m.), International Trade for January (8:30 a.m.), U. of Michigan Consumer Sentiment Index for March (10 a.m.).

The Investrend Events Calendar showcases BBV Shareholders Meeting; DYAX at the American Allergy Asthma & Immunology Annual Conference.

The Investrend Money Index is an indicator of the depth of market direction or indirection. While not always including the same stocks, the NYSE/NASDAQ 50 Most Actives indicate the direction in which the mass of money is flowing. Last session's trading showed 46 advancers versus four decliners. Advancers were led by Huntington Bancshares Incorpora (NASDAQ: HBAN) up 34.40%, Cv Therapeutics, Inc. (NASDAQ: CVTX) up 31.50%, Financial Bull 3x (NYSE: FAS) up 25.75%, Bk Of America Cp (NYSE: BAC) up 18.66%, Ultra Financials Pro (NYSE: UYG) up 18.09%, Wells Fargo & Co New (NYSE: WFC) up 17.42%, Las Vegas Sands Corp (NYSE: LVS) up 14.19%, Jp Morgan Chase Co (NYSE: JPM) up 13.73%, Gen Electric Co (NYSE: GE) up 12.72%, Powershares Db Crude (NYSE: DXO) up 12.16%, Us Bancorp (NYSE: USB) up 10.79%, Amer Express Inc (NYSE: AXP) up 10.23%, Pfizer Inc (NYSE: PFE) up 9.62%, Merck Co Inc (NYSE: MRK) up 9.53%, Starbucks Corporation (NASDAQ: SBUX) up 9.22%, Fifth Third Bancorp (NASDAQ: FITB) up 9.09%, Sprint Nxtel Cp (NYSE: S) up 8.50%, Citigroup Inc (NYSE: C) up 8.44%, Ultra S&P500 Proshrs (NYSE: SSO) up 8.01%, Morgan Stanley (NYSE: MS) up 7.42%, Ford Motor Co (NYSE: F) up 7.14%, Schering Plough Cp (NYSE: SGP) up 7.10%, Proshares Ultra Qqq (NYSE: QLD) up 6.75%. Decliners followed Steel Dynamics, Inc. (NASDAQ: STLD) down 15.20%, Pt Ultrshrt Sp500 Ps (NYSE: SDS) down 8.10%.

Vote in the Investrend Poll Question of the Day at Investrend Information (http://www.investrendinformation.com).

Investrend Website of the Day: http://beingfrugal.net/

Quote of the Day: "The only reason some people get lost in thought is because it's unfamiliar territory." Paul Fix

Today is: Earmuffs Day.

Happy Birthday: Joseph Priestley, Earl Grey, Percival Lowell, Paul Fix, Sammy Kaye, Neil Sedaka, Michael Martin Murphey, William H. Macy.

Today in History: Harvard College was named for clergyman John Harvard in 1639. William Herschel discovered the planet Uranus in 1781. In France, the length of a workday for women and children was limited in 1900 to 11 hours by law. The FBI arrested Jimmy Hoffa in 1957 and charged him with bribery. The United States Justice Department announced in 1991 that Exxon had agreed to pay $1 billion for the clean-up of the Exxon Valdez oil spill in Alaska. The Great Blizzard of 1993 struck the eastern U.S. in 1993, bringing record snowfall and other severe weather all the way from Cuba to Quebec.

[FirstAlert" was created by Gayle Essary, founder of Investrend Communications, Inc., parent of Investrend Information (http://www.investrendinformation.com). The opinions expressed in FirstAlert" do not necessarily reflect the opinions of Investrend.]

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