One piece of good news pumped the market

As I said yesterday here, MMs would pump the market with just one good news out 10. They got one today in housing, barely. But that is enough for them. They did it.

The only thing makes me uncomfortable here is volume. It is so slow, especially big cap like CSCO, INTC and MSFT, barely 1/2 of average volume. And even QQQQ's volume is so slow.

One thing we have to pay attention is the way market was trading today. It jumped quickly and stayed there flat for a whole day. This suggests not many buyers there. This is most likely hedge fund pumping before Friday.