A very strong start

This is actually not what you want to see if you are bullish because the dumb money acts during the first half hour of the trading day and a gap up open like this eventually gets closed. Today is a fed day and I discovered the fact that 5 out of the last 6 fed days ended up with an average gain of 2.4% which is quite large and therefore must be respected if one intends to fade this rally. After this however, there tends to be a fed day "hangover" and the market gives back all the gains within the next few days. I still think however, there is the potential for this strength to reverse itself. I haven't made any moves yet....