Nothing But Tech

After a positive gap higher at the open, investors couldn't get enough of the tech complex (see MICC, RIMM, AAPL, GRMN) sending Nasdaq up +1.65%. In just two trading sessions, the Nasdaq has reclaimed all of the Friday's lost ground. Boy, that dip didn't last too long!

While most are concerned that the market continues to narrow and focus only on the same stuff that has been working, as long as it continues to work, the hot money will continue to press their luck. Unfortunately, the after-hours market tonight has brought out the sellers after some new disappointments surface including in some stocks on my watchlist like Anadigics (ANAD). We'll see if tonight's negativity carries over to tomorrow. Have a great evening!