At 4:01 we had to pinch ourselves, as we cant remember the last time we had 2 back to back solid closes. We weren't dreaming as the indices went out near highs with better than 4 1 positive breadth, decent volume (not enough to be considered a follow through day) and every major sector in the green.

We remained very active all day today however at the close were probably close to net even in our buying and selling. It was more or less a rotation day for us as we sold down laggards that were bouncing and rotated into stocks with better technical setups.

While the recent draw has been terrible, it is always nice to see our small cap earnings winners catch the bids as people underestimate just how far they can bounce.

We hope you enjoyed the action today and don't be too quick or cute to try and bet against this move. Often, bounces such as this can go much farther than one expects. Proceed with caution as we are not out of the woods just yet, however its a decent start.

Have a good evening.