So far, so good for the bear market rally. There were so many doubters out there boldly declaring that the were going to short the market Tuesday that the market had to go higher just to knock them down a few pegs. I wonder how that money manager on Fox Business during Tuesday’s premarket is doing?

Oh, and guess which sector is right in there in the hunt? What if you guessed retail? You’d be right! And the MVR index actually kissed its 50-day average today. I’m not saying it is going through but the S&P 500 can’t say the same thing, can it?