Midday

Market responds positively to earnings and Bernanke's speech for the congress. I read the speech and it sounds like he is leaving the door open on pausing. He acknowledges the recent rate hikes might still be in the pipeline and its full effects may not have surfaced and they need to becareful not to go too far. He is concerned about the CPI and the rise in oil prices. He doesn't sound too optimistic about oil prices falling back to previous levels and staying there.

Nasdaq right now has past its resistance at ~2074, lets see if it can stay there.