The Stealth Rally Continues

A late-day rally was sparked after some news about China over its currency. After what was a dismal and slow day, in the end it turned out to be another feather in the bull's cap. The broad rally lifted a lot of boats, but it is notable that retail has been showing some signs of strength. In fact, the type of stocks that rallied today indicate that there is some hope building out there that better days (i.e. a better economy) are ahead.

With the Nasdaq now above 2K, and the Dow & S&P pressing at key resistance levels, it won't be long until this stealth rally turns a few more heads. The only notable area of weakness today could be found in biotech. It should be another interesting day at the trading turret tomorrow, following these past couple of days. Let's see if the bulls press their luck.

Also, my apologies for the delayed post. I was locked out of my website server due to technical problems at the website. Everything looks ok now, so at least I've got that battle won. As always, I hope you're trading well in this unusual time for the market and I'll see you tomorrow morning.