An Up Day For Stocks

All 3 major indices were up today with the SPX (top panel) making a new high.. The Dow and the nasdaq composite have not broken high yet.. I've been saying for the past week if you must short this market you are better off shorting the nasdaq because it is weaker..Even if you did short the nasdaq you still would have lost money today because early morning semiconductor weakness was short lived when the semis suddenly rallied and became one of the strongest groups of the day..How deceptive can this market get? I still believe that commodity stocks are what we should be long.. Oil stocks were a little weak today but steel was surging higher...see comments below.