What the ____!

Today was one of most impressive face ripping rally's I've seen.  A straight line 3% rip.  On top of it, the recent downtrends are being tested and looks like broken.  W bottoms are setup around the indices.  Given the overall market conditions and general unreliability of W's you wouldn't think odds are these won't stick and work out.    

The underpinnings in the market didn't change on this rip, The new highs list is cluttered with Staples and Utilities and Utes were the top performing group today.  Let's see how they and long term treasuries hang in there to end the week.  

The VIX futures only backwardated for like 2 minutes this morning.  It didn't even show up on a 5 minute line chart.  Algo's were programmed to buy that no doubt.  

There are a decent amount of names looking interesting on the long side.

FEYE just won't break down.  

Maybe CENX can get a pop off Alcoa earnings?

This chart was from Tuesday, but it closed right at the 11.93 level Wednesday.  The gap was fully filled.

High relative strength name PANW is holding the gap and 10D MA.

RWLK a recent ipo ended it's downtrend.  It didn't make a new low with the market Wednesday. 

Trade 'em well.