(Data as of 2PM EST)

The major indices are breaking out above major resistance today with good volume.  As it has over the past few days, technology leads the way once again.   Today’s move is a signal to become more aggressive on the long side.

(Data as of 12:30PM EST)
Today’s strong market is led by transportation, financials, energy and semis.  Select emerging market ETF’s are doing well.

Ticker	Chart	Name	Price	% Price Change	% Volume Change	RS	% From 50DMA	% From 200DMA
TLT		Ishares Lehman 20+ Yr	91.26	-1.17	183	69	1.59	2.84
IGW		Ishares Semiconductor	48.62	1.55	94	38	-4.48	-3.34
XLY		SPDR Consumer Discretionary	31.7	1.18	200	44	-3.71	-2.85
XLF		SPDR Financial	28.9	1.26	134	49	0.31	-0.65
EEM		Ishares Emerging Markets	205.48	2.02	239	71	-1	9.58
EWG		Ishares Germany	17.7	1.72	331	62	-2.21	3.75
RKH		HLDRS Regional Banks	135.36	1.24	242	56	1.68	0.07
EWY		Ishares South Korea	31.56	3.71	163	68	-3.16	12.31
OIH		HLDRS Oil Service	90.44	1.56	79	79	-4.81	7.04
XLE		SPDR Energy	40.59	0.69	55	87	-4.65	9.88
IYT		Ishares Transportation	62.87	1.16	450	66	-4.21	0.38