Hard to keep stocks down. 5-1 advancing to declining stocks, with 85 percent of the volume to the upside.
After closing not far from the lows on Friday, the S&P 500 closed at its high yesterday and is sitting just off the highs for the day as of this writing. Volume is again trending toward the heavy side.
Elsewhere:
JC Penney moving down midday, 2.5 percent. Analyst day today. They annnounced a 5 year plan that includes 5pct annual same store sales growth. Possiblely that is just too aggressive for a mall based retailer with significant competition from Target, Macy's and Kohls, traders tell me.
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