After Friday's down move we came into yesterday expecting to take back some of the sell-off. It was a case of sell the rumor, buy the news as the banks began to break their morning range to the upside despite the market being several handles off highs. The banks had previously been lagging, and perhaps the Dubai news allowed them to blow off some steam. The longer the S&P holds above 1085, the more likely we are again headed to new highs. The high beta big cap tech names are basing in their upper range and taking turns breaking out above highs. BIDU was downgraded yesterday but was able to hold in very well, and is maybe the next candidate to break higher. AAPL has held support in its upper range and should see some upside action soon also. GLD continues to run and higher prices are sure to come.