Dips are still being bought

Stocks rallied fast and big at the opening of the session. It took almost 2 hours to digest the move before we got the next leg higher. Then a slow grind up followed, with a close near the high of day. Very bullish action after yesterday's bearish candle on the daily chart. Bulls are still in control, and the only 'risk-free' chance to get into this market, is to buy dips like this morning/yesterday afternoon. I prefer waiting for a pullback, but that could test one's patience, it might take a while...

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Metals and oil didn't keep pace with stocks. While the latter rallied, precious metals and oil had a hard time going higher. They did eventually, but were lagging stocks. Silver however caught up pretty soon.
Oil on the other hand reversed but bounced nicely on the 100-level.

The euro was up big, regaining the 1.28-level. It seems ready to break higher from the trading channel that formed over the last 3 months (see chart below).

Articles for this evening:
A Massive Multi-Year Breakout for Biotechs
A Breakout Here Might Lead To A Fakeout
Anti-Fragility in Financial Markets