A late flurry sent the stock market indices to the highs for the day going away and the highs for the year as well on most of the indices, as the rally rolls on!

It was choppy in the morning with the indices going back and forth five times. Each pullback was met with more buyers, and the indices kept climbing to the upside.

After a mid-day lull, they took off in early afternoon and ran to new highs and backed off sharply but held support. But when support failed to be taken out they rallied them sharply into the close.

Net on the day the Dow was up 79.81 at 9627.03, the S&P 500 up 10.73 at 1044.10, and the Nasdaq 100 up 16.93 at 1686.16.

Advance-declines were better than 3 to 1 positive on New York and about 2 to 1 positive on Nasdaq. Up/down volume was 5 to 1 positive on New York on total volume of 1.3 billion. Nasdaq traded a heavy 2.4 billion and had about a 4 to 1 positive volume ratio.

TheTechTrader.com board was mostly higher. Goldman Sachs (GS) led on the upside, up 4.60 to 174.87. United (UAUA) had a strong day, up 1.15 to 7.60 on 23.4 million, on a Goldman Sachs recommendation. Vanda Pharmaceuticals (VNDA) ran hard and late, jumping 1.98 to 15.21 on 1.8 million shares.

Canadian Solar (CSIQ) in a recovering solar sector gained 1.01 to 17.37. Direxion Financial Bull 3x Shares (FAS) was up another 1.96 to 77.94, and the U.S. Oil Fund ETF (USO) jumped 43 cents to 37.37 on firmer oil.

Junior biotechs were firm, with Orexigen Therapeutics (OREX) up 57 cents to 9.39, Opexa (OPXA) 26 cents to 4.26, and SIGA Technologies (SIGA) 21 cents to 8.28. Several other junior biotechs were up small fractions, although most of those had been much higher in the morning.

On the downside, American International Group (AIG) lost 1.04 to 37.85, after reaching as high as 40.75. That was the only point-plus loser on our board.

Stepping back and reviewing the hourly chart patterns, the indices forged ahead today with a couple intraday tests of support that held. But eventually they closed at the highs for the day going away on a very positive late surge. We’ll see if they can continue this move, but the indices are now getting near overbought resistance levels, at which point we may see the beginnings of a pullback.

Harry Boxer is a technical consultant to many Wall Street hedge funds and large institutional traders, and author of TheTechTrader.com.