Breadth for the day closed at only 1.63:1, advancers, on good volume, 1.12B shares traded on the NYSE. Tomorrow could be interesting with the start of the G-20 meeting, but at the same time it is also a Federal holiday which should mean light volume for the rest of the week.
The FED announced it schedule this morning for POMO, the Tentative Outright Treasury Operation Schedule. Guess Ben was not satisfied with every other day for purchases, because now we have them every freaking trading day. At this rate, QE3 will be done on a hourly schedule next.