Looks like the word for the markets is RESILIENT, as they refuse to roll over despite how far they have rallied in the past few hours, days, months etc. My favorite stock, GS is up another 1.3% and is nearing the $185 level as it also refuses to have a red day.
Sector leaders today were metals, oils, brokers, semis, techs and small caps. Worst groups were retail, airlines, biotechs, consumers and drugs.
Market internals, green all day and are closing with about 1,200 more winners than losers.
The VXO is down about 6% (about 6% below its 10 day SMA) in the 10.2 area, approaching or at a new low, leaving few to believe the markets will ever have another down day or anything resembling a downtrend. Can one say buy the dip or who doesn't expect a gap up open on Monday morning.