Ken Tower Great Quotations

The chart looks awful on Intel, ... It may be a great buy but it's too early to see.

This proved the spark to push the market higher. It was great news.

Only 10 New York Stock Exchange stocks made new lows yesterday, so it's clear that there is a great deal of underlying market strength. Industrials remain the clear winner, as they reached another new high yesterday. Financials had a huge rally and also closed at a new high. Leadership will eventually shift back to tech, energy and basic materials, but we're not there yet.