AFTERNOON READ

The markets continue higher this afternoon as they are led by semis, internets, brokers, biotechs and homies; laggards are metals, oils, trannies and banks.

If that leadership continues, it is very bullish and it will give the dip buyers continued reasons to buy.

Checking on the flight to quality trade, SPY+.35%, DIA+.37%, IWM+.8%, SMH+1.35% and QQQQ+.88%. So yes, small caps continue to outperform.