US stockmarket update ----- 9/28/09 7:25AM PT

US stock market went up sharply this morning, switching short term trend to be up. Nasadq has broken above the important resistance 2120 which was mentioned during weekend' update. $SPX is testing 1057 to 1062 area. My QID trade was stopped out when Nasdaq broke above 2120. My mid term view switched to neutral from bearish.