As expected yesterday, the market continued to gain strength. Financials and energy provide strong support to the market and spx closed at the day high. However, the market internal is not that good as the index shows. A bunch of well-known stocks are still far off the day high. Some of them are even lower than the morning high price. Then where will the market go? Let me take a guess. I would explain the market goes up because the 10th anniversay of 911 is comming. So I would not expect a big drop during the comming days while small pullback is possible. I would expect the drop comes after 911.

From the trading side, it is too bad to try to catch the small pullback but missed the upside profit. The good thing is turnning to the longside after the upside breakout was confirmed.

Happy good trading day!