The big recovery today was lead by groups and stocks that have been underperforming. Today the IWM continued Fridays strength and made a new year high, and still below the ATH around 173. Goog which has been beaten up since earnings was strong all and closed positive. The XLV and IBB which also have been lagging and showed strength on Friday had nice moves today closing higher for today. This tells me there is money looking to buy value, and still money in the market.
It will be interesting to see if buyers show up if we reach upside targets. We know from today that buyers are still and conditioned to buy weakness as it continues to work. If we open higher tomorrow will they buy strength.