There's nothing fundamental driving these gains. The Nasdaq had sold off over 10 percent, the Dow and the SP had started to correct as well, so you're seeing a bounce off of that.
More Quotes from Tim Heekin:
Even with the Dell news, the two themes we've seen today, and lately, have been strength in select technology -- today, that was the chip sector -- and strength in industrials.Tim Heekin
We've been on a tear and it's just kind of flattening out today after hitting some near-term highs yesterday.
Tim Heekin
After that period, you could see a rally in July, with people really setting themselves up then for the second half of the year.
Tim Heekin
The market has been trying to hit these highs for some time, but we've been nearing them with less and less enthusiasm,
Tim Heekin
There's going to be no true market direction until the earnings picture and military actions become clearer.
Tim Heekin
There's no economic news out Friday or Monday, and the economic news the rest of next week is not hugely influential,
Tim Heekin
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