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The dip buyers wasted no time this morning and pounced on the slightly soft open, taking advantage of yesterday's pullbacks in the momentum names. There are some good bounces there, but it is still very early and this market has had an inclination toward intraday weakness lately. Early strength has consistently given way to afternoon weakness, but the bears have been unable to capitalize on it. We have leadership in retail and oil, which isn't very logical but if you want logic, the market isn't the right place for you. This market remains focused on the upside. Shorting is just impossible unless you have a time-frame of minutes. Rare earth stocks Molycorp , Rare Element Resources and Avalon Rare Metals are heating up on a report that the U.S. may start stockpiling the resource to avoid reliance on China. That group is going to explode!!!

REE, AVL and MCP, plays of this Year!!!