Friday Morning Update

We had a clean breakout yesterday, and what is more remarkable is we came right off the bottom of the range, which now gives us an upside target of 1371. That is a pretty wide range, but we have covered a lot of ground in the last couple of days. The leading sectors today are XLY and XLI, lagging are XLV and XLB. The Nasdaq is lagging, the Russell 2000 about even. Oil is up, gold down, treasury yields up.

I have 197 new highs so far, with breakouts in OPWV, EHTH, B, and INTC. I have one report from the relative strength list, that is DDR, down 0.6%.