The comments below were provided by Kevin Lane of Fusion IQ.

Market internals continued to be stellar with the NYSE registering an up to down volume ratio of 19.2 to 1, while advancers beat decliners by a ratio of 5.7 to 1. On the NASDAQ up volume bested down volume by a rate of 5.19 to 1, while advancers bested decliners by 3.47. These stellar and continued strong internals tell us liquidity is still strong.

The rally continues to broaden as well, with more groups now participating in the upside. As long as breadth remains good the rally will still have legs. Granted, any day we could see reactionary (normal) pullbacks along the way; however, given the strong market breadth we are now raising our S&P 500 intermediate-term target to 950/960 range. Anecdotal sentiment remains in disbelief of the rally which is

A turbulent day for the markets ended with a slight gain.  The markets started out strong due to the release of strong economic data on housing and durable goods.  The Dow and NASDAQ closed at 7749.81 and 1528.95 respectively.  The S&P was up 0.96% to close at 813.88.  Oil was down as news was released that US inventories were at a 16-year high.  Oil settled at $52.77.  Gold was up today settling at $938 as the dollar weakened.  The 10-year price was down and yields settled at 2.786%

The Commerce Department recently released data showing that demand for durable goods increased 3.4% in February.  If transportation goods were not included orders were up 3.9%.  Orders for capital goods increased 11% in February as well as machinery orders increasing 13.5%.  Despite strong order numbers the likes of Caterpillar [CAT: 28.91, -0.49 (-1.67%)] and John Deere [DE: 34.67, -0.30