I SEE

One old rule of trading is trade what you see and not what you think. I guess just about everyone see's that this market refuses to let any bad news get in its way of higher prices. So what if WMT can't boost sales by more than 1% in spite of lower gas. So what if we just go up everyday why shouldn't we go up every day as oil gets crushed and gold has no bottom.

So what do I see for now, strong market internals with +900 on the both the NYSE and the NAZ.

Strong internets led by EBAY YHOO and MSFT; strong airlines, semis, small caps, brokers, banks, biotechs and retail. Weak sectors are oils and metals.

Volatility indexes continue to hang in at 11/12, so nothing new there.

Not sure what will change the psychology and knock the market lower, but I bet it is nothing we see today.