Monday Morning Update

We have retested 1140 again this morning, only to get a vicious bounce of it. It is becoming apparent that "somebody" does not want this market going lower than 1140, but it remain to be seen is that somebody has the firepower ti overcome the selling pressure for very long. the leading sectors today are XLK and XLY, lagging are XLI, XLE, and XLU. The Nasdaq and Russell 2000 both have comfortable leads. I have oil  up, gold down, and treasury yields up.

I have only 5 new highs so far, and one of those is an acquisition. Breakouts are INTG and ULTA. I have JVA scheduled t report today, but I don't believe they have.