very light day. surprising gains though. was it too many leaning the wrong way after last week's downer? big-cap tech favorites rimm and aapl attracted buyers, indicating some performance anxiety and a desire to catch up by buying high-beta names.
the light volume today calls into question how much momentum the bulls really have at this point. certainly the price action must be respected, but when volume is light, many are inclined to take gains into strength rather than try to ride things.
breadth was very positive and the point gains big, so the bulls get the benefit of the doubt.