Holy crapomatic Batman…for starters, for your review, all these names had breakouts of some sorts today:

 

AMP,ASH,ADI,AME,APH,ASGN,AMT,BUD,BG,BLL,BK,BX,BRKB,BLK,BC,COF,CERN,CELG,CSC,CX,

CI,CCI,CFX,C,CMC,CBS,COST,DE,EBAY,ESV,EMR,ETN,EXPE,EQIX,FNF,FBHS,FBR,GS,LEN,LLTC,

LMCA,MA,MTW,NTRS,NWSA,ORCL,OII,PAA,PNR,PSX,POL,PCAR,REGN,SCHW,SCCO,STZ,STT,TSO,

TROW,TSM,TYC,URBN,USG,ULTA,UNP,URI,VLO,VRSK,VIAB,WHR,WYNN,WYN,X.

 

On top of that, the midcaps, nyse, russell broke out with everything else furiously coming up the right side. Foreign areas like eem,efa,fxi,ifn also breaking out or broke out.

 

It doesn’t take a rocket scientist to realize a market operator has been hamstrung in a holiday week…where things were getting in trouble and where a decision in washington would move the market one way or the other…which it did on a big gap today. It also doesn’t take a genius to realize things have quickly become overcooked. The best thing market can do is sit/pullback here…but market couldn’t give a crap.

 

Any pullback of 1-2%, one needs to own EBAY,EXPE,MA,RAX. One also should look to own market proxy in here somewhere. I do not have an exact number but feeling this breakout looks real and any pullback should be nominal.

 

I know it is a pain in the rear on how big a list I gave you but it tells you about the market. I cannot promise you this isnt a fakeout…all we can do is act on evidence at hand. The foreign markets are leading and our market was just waiting for the fiscal crap to get done.

 

One area that refuses to rally is the retail…so be careful there…many of those names look actually shortable but no shorts in this market right now.