9:00am (EST)

The shorts got punished on Tuesday as the bulls recovered Monday’s losses for the most part with Tech and the small-caps leading the way higher.

Of course, nothing has changed as far as market direction as the 4-week trading range continues.  However, the push to new highs in some sectors is bullish and the VIX settled back below 12.50 giving the bulls renewed confidence. (read more…)