Bombings hurt the rally

The market put in an early low today and began to trade higher. The SPX broke above its recent trading range, poking above the 1225 level. But before things could get cooking, news of the bombings in Jordan (no relation) put a damper on things.

Still, the market finished in positive territory, with okay breadth. Not bad considering bond yields were pushing higher. I still think it feels like the market wants to break out and run higher. And if the bears can't gain any traction soon, then I think the bulls are going to run free.

I also think that next week's options expiration could put some upward pressure on the market, but that's a discussion for another post.

Have a great night--