Financial and technology stocks jumped today as continued optimism on the global economy and a massive rebound regain their power. Stocks like Goldman Sachs Group, Inc. (NYSE:GS), JPMorgan Chase & Co. (NYSE:JPM), Morgan Stanley (NYSE:MS) and even pathetic excuses for financial companies like American International Group, Inc. (NYSE:AIG) are soaring. In addition to the financial powerhouse today, technology is also gaining a significant amount today. The semiconductor sector is jumping. The Semiconductor HOLDRs (NYSE:SMH) are spiking over 2%. Other technology stocks doing well today are Google Inc. (NASDAQ:GOOG), Apple Inc. (NASDAQ:AAPL) and Amazon.com, Inc. (NASDAQ:AMZN). Now let’s discuss the hardcore market on a base level. Let’s break it down. The markets have inched up on the charts much like yesterday. Yesterday we saw a rise all morning long, slow, steady. The same thing has happened today with the markets taking out the highs from yesterday at $114.99 and then even taking out the 52 week highs from January at $115.14. Some would say, including myself that the markets were destined to take the stops out at the 52 week highs. This gets some more bulls to pile on and the bears to either stop out or turn bullish themselves. Oil has spiked higher today nearing a massive resistance line on the United States Oil Fund LP (NYSE:USO). This line is at approximately $40.50. Oil inventories were released at 10:30am ET and came in shy of estimates. This punched oil higher. In addition, the decline intra day of the dollar. Watch where this market closes today. Does it close below the previous 52 week high or above? Do we see another drop late in the day as institutions sell like yesterday? This will all be key data in understanding the next move in the market. Gareth Soloway Chief Market Strategist InTheMoneyStocks.com