Happy Birthday!

You know you have a strong market when even the FOMC minutes can spike the market to new highs.

While I didn't see anything in the minutes to indicate that Bernanke will continue throwing money from his helicopter (perhaps I missed something), I suppose in a market that rallies on good news, bad news, and no news, we shouldn't be too surprised to see the post FOMC liftoff.

What I found most interesting is to see which groups were under accumulation: basic materials, financials, oil & gas, technology, aerospace, construction, and utilities. You can see all of these well-represented in today's top-performing ETFs along with continued momentum in overseas markets.

While I came close to snagging a few rentals today, after it initially looked like the tape would fade the FOMC minutes, I prematurely removed my buy orders and was left empty handed in the late day spike. Tough to be on the wrong side of the market (i.e. sidelined or short) in this glass half full, everything is so truly wonderful, market. I suppose it is only fitting that we rallied to new highs on the bull market's 5th birthday.

See you in the morning.