I thought I would continue with Gator's SPY chart for the day. There's good news and bad news. First the good news: The action so far today has been inside the Bollinger Bands for a change and we moved back above the 50 day average. Some individual stocks have set new highs including SBUX and CMG. Is there room for more upside? Well - those in the "all gaps will be filled" camp will be watching for the gap between 138.78 and 139.26 to be filled.The bad news: See that rectangle. All the buyers in there are losers. Fitz talks about a "3 day rule" Smart money buys on day 1, not so smart money buys on day 2, and whoever's left takes the smart money out of the trade on day 3. Some market leaders, notably AAPL, are NOT leading today. Trade safe out there.