Monday Morning Update

For those who, like me, were naive enough to believe Friday was the beginning of a small correction got the rug pulled out from under them this morning with another big move up, almost regaining all that was lost on Friday. So far the market is holding the gains, and a reversal is starting to look more unlikely. I guess we have another bailout of Greece this morning, but I am not naive enough to believe that problem is resolved.  The leading sector this morning is XLF, followed at a distance by XLV.  XLU and XLB are lagging.  The Nasdaq and Russell 2000 are both leading by healthy margins. Oil is up, gold down, treasury yields down a bit.

I have 144 new highs so far, with breakouts in DBD, TTO, MSG, and PCLN. None of the stocks I have scheduled to report today have reported, but I now have confirmed dates for most of them, so I will get a revised schedule up later.