It is pretty simple here. The DOW breaks out of a cup and handle. The SOX holds the 50 day and ramps right back up. FINANCIALS are breaking out all over. And away we go again.
Just keep in mind, small caps still refuse to budge. ENERGY,REITS,GOLD,SILVER,METALS,ORES,CONSTRUCTION MACHINERY and a few other areas are still in bear mode. So no throwing darts. But we never argue with breakouts in major indices with the SEMIS and FINANCIALS leading. Thank you Bernanke,Europe,China,Japan for printing trillions and now Yellen for telegraphing what we already knew. The Mets and Cubs will win a World Series before they even consider raising rates and be rest assured that any hiccup will result in a new round of QE.