Small caps are also bouncing, but not as strongly as the rest of the market.
It is interesting to note that large industry groups did not participate into the buying pattern: Financials, Health and Industrials.
Energy experienced a strong bounce as oil also bounced back up. I believe there is a buying opportunity there.
It is interesting to note that the Yen was sold on Friday while the 10Y Treasuries attracted money. Usually, both move in the same direction.
Conclusions:
Interesting to see some very large parts of the stock market not attracting money even though the NQ8 sector is roaring higher.
Energy looks interesting here (Nat Gas producers, oil producers - XOP - or oil service -OIH).
