I didn't expect the buyers to be as aggressive as we saw this afternoon, but it is an indication of just how hungry dip buyers are for some pullbacks. So many market players have been miserable as they watched this market run away without them, that they refused to let it happen to them once again and bought aggressively once we turned up again.
The obvious star of the show today was retailers. Keep in mind that earnings start next week with AA on Monday night and then INTC on Tuesday after the close, followed by JPM, BAC and GOOG later in the week.
This market is probably well setup for a sell-the-news reaction to earnings if they aren't stellar, but I'll be looking for volatility to pick up no matter what.
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