The indices finished solidly higher, breadth was close to 2-to-1 positive. The U.S. dollar failing to hold green today has also helped equities and commodities. The rally in oil and silver shows that some of the selling last week maybe due to liquidation and speculation remains rampant. This is the point where the market gets tricky over the last couple years. We had a high volume drop last week followed by a low volume bounce. It looks like we have the potential for a failed bounce, but the bulls never back down. There are a number of headwinds I can list but bulls still have the advantage and another small retrace may offer some buying opportunities.
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