I wasn't expecting such a pop on a day that started out with the disastrous Pfizer news. Merger Monday, declining oil, and the lack of any economic data to deal with set the stage for some more buying. Volume kept pace with last week's selloff, so for the time being, I'm leaning towards a retest recent recent highs. I don't want to speculate on a bull trap, but the idea is in the back of my mind. But then again, it might just be the Christmas season that keeps this market so optimistic. Most tech sectors look fairly optimistic (a few bullish engulfing patterns), the weak link being networking. Tomorrow we have some economic data: Productivity at 8:30, followed by Factory Orders and ISM at 10:00.
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