Bulls Rush In

Good morning. The bulls look ready to send the market to new highs after retailers report sluggish retail sales but not worse than feared. In fact, some positive news from the ugliest stock in the retail space - Wal-Mart Stores (WMT) - has sent the shorts running for cover. Adding to the positive bias are very strong overseas markets and strength in commodities.

Premarket gainers: FEED, SEED, NEOC, SDTH, VOXX, CHINA, SORL, CAAS, PACT, GIGM, PSUN, GOLD, LONG, NINE, XFML, CPSL, TARG, CHNR, PCU, LFC, WVCM, HRAY, XING, CSUN, EMKR, BBL, JASO, GPCB, NOK, TBSI, GYMB, ERIC, YTEC, ICOC, CBAK, HMIN, CNTF, MT, REDF, TTWO, BCSI, EFUT, ETFC, FRNT, MPEL, ORCT, CBAK, DRYS, CTDC, AAUK, AKAM, ACTS, BMRN, THQI, MASI, KONG, CTIB, and RIMM.

Premarket losers: NPSP, FAST, NVDA, INFY, TTPY, and NUAN.

Along with the weekly oil inventory report at 10:30 A.M, tomorrow morning we have the PPI, retail sales, business inventories, and consumer sentiment. While we would ordinarily see some reserve ahead of those reports, the reaction to this morning's retail sales shows that investors don't care about the data - they just want to buy stocks and they're looking at anything with some mojo to add to their inventory. Enjoy it while it lasts and keep those trailing stops tight.