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Cumulative Tick and other internals aligned for a quick trip back to new highs after the premarket gap lower.  At this point, I assume that the VWAP will therefore continue to provide support and perhaps act as a launch pad for a new assault on those earlier highs.  Militating that assumption, is that I don’t like what I’m seeing in the Semis one bit, and the AD line seems to be struggling — so we’ll see.  We are borderline overbought… not too bad, neutral really.  However, I think it would have been healthier for the market to put in a more moderate advance to slightly down performance on the day if it is to maintain its upward energy.

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