The market is being carried by 4 stocks, GOOG, AAPL, GS and AMZN. They are so strong - think Magnus Magnuson - you know that guy on ESPN at 11pm who pulls fire trucks.
It cant last forever - or can it? Its pretty narrow leadership. CIT still looms larger from my vantage point. Oh well, as a trader I should know that facts and fundamentals really dont matter in the short term - the momo does.
The SPUZ are up $4.5 and are meeting any selling with lots of buying interest. This is the level we brok down from last week - we'll see what happens.
JB
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