There are a few different recent key pivot points for the broad market, the intra-day high on September 18th being the most obvious one – but we'll look at October's month-to-date (MTD) data for this quick screen.

It looks like the machines have been rolling from one speculation to another, long or short. Just this year alone, the Ag’s got pumped…

There is just no way to win betting against this market! Well, actually, there is one way and that's betting that each pop is nonsense and tends to have a subsequent pullback intra-day but, long-term, the cumulative effect of all that low-volume pumping has been a rousing success, to say the least.

GLD remains in a Symmetrical Triangle, which gold bugs hope is not a typical Sym-Tri AKA continuation pattern.

Three out of five indexes look very good! The same can be said about a dog with three legs and no tail, I suppose. So, the question is, is the market a dog in a nice sweater or whatever the metaphor would be for something where 3 healthy guys drag two dead guys around and win the race.

This is ridiculous. As noted on Dave Fry's chart, the S&P made a new record high with narrow participation and essentially all of the gains were one big move in the Futures to reprice the index.