The winning index on the day is the QQQQ after having an awful month of May, maybe Tech and Biotech is back. At least for the day, as the QQQQ is up over 1.5% compared with even the IWM, which is up only 1% today. The fly in the ointment is the overhead resistance at the 39.5 level. The SPY and the DIA are both up about half of what these indexes are so maybe large cap will not outperform (lol).

The market internals continue to hang tough at over 2,000 more winning stocks than losers and the best sectors are Tech, Semis, Drugs, Banks, Reits, Retail and Homies. Oils and metals continue to trade lower and may be giving some good vibes to the market bulls as money comes out of those sectors.

So far, any dip bought today is a winner so glad I mentioned it at the open.