Volume was light, but breadth solid, with energy and semiconductors leading to the upside. Some old momentum favorites sprang back to life like FFIV, RVBD, CMG, AMZN, and BIDU. Perhaps some are anticipating potential month end markup on some of the recent momentum favorites. The bears are having a hard time with overall good earnings and confidence that the Fed is going to continue to support the market. The G-20 meeting this weekend may have implications for the currency market next week and the direction of the dollar. Have a nice weekend.
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