The market may be overreacting to stock news that really isn't so terrible. For some reason, Home Depot's news is being seen as really negative.

It's really impressive. It just keeps going, regardless of what the news is. If there is any pullback, it's going to be minor.

There's nothing much next week in terms of earnings, and not really hugely influential economic news, but the bias is still pretty positive, and I think we're likely to grind higher.

Today is very news driven. You've got GE, you've got HPQ, and the economic reports were a little better. It's the tech stocks that are leading the way. You're seeing a rotation out of the consumer stocks and into the techs.

People are frustrated. The pattern has been a couple of days of rallies on a little good news and then it fizzles out. There's no reason to make big commitments with all of this unresolved. The hope now is that we can dig in our heels at key support levels and find some balance.

Intel's news will have an impact on tech tomorrow, but it's going to be overshadowed by the jobs report.