The high-wire tightrope act continues with financials continuing to push along with, what else, big cap tech. The push in the latter group (along with the Russell) has been everyday nonstop.

I, and everyone else knows that this can't last. We saw some nervous selling yesterday and we have seen the same nervousness again today. Oil reversed from up $1.50 do flat. Gold did a $20 reversal. When you climb for so long without a break and, from a technical standpoint, on light volume into heavy resistance and way overbought - what do you think is going to happen. Of course, since it is so discounted as about to occur that the agony of no sell down continues and that causes more and more consternation and buy ups because they have to.

It's a mind game most of the time and this one is as big as any I've seen. Everyone expects good earnings. Everyone can see financials on the verge of a breakout (did a piece on that last night with Cramer). Everything is in the open and yet we just have that slight slow bias to the upside continuing and it seems as if nothing will ever derail it. Well, it will. Just wait it out and don't make too many purchases into this strength and hold them or you'll be unable to pull the trigger when they sell off.