Well the market decided that everything is good again, as the SPY powered higher by 1.32% to close at $177.48. Today, economic news fell on the positive side of expectations as US jobless claims fell to 331,000 from a revised 351,000 last week which beat the forecast of 337,000. Also, worker productivity rose to 3.2% versus the 2.8% forecast.

Disney came out with better than forecast earnings, moving higher by 5.3%. GE was up 1.8% and BRK.B plus 1.3%.

The market will need to push through 180 to break through the last high and to keep the momentum going. There is a big unemployment report tomorrow.