The stock market indices had another upday today, although they started out with a gap-up, then pulled back to test support at the intraday moving averages. That held, and then they took to new rally highs, and by mid-day reached a plateau and consolidated for a couple hours and then resumed their advance in the afternoon. With a half hour to go they reached their session highs only to pullback in the last 30 minutes on profit-taking.

Net on the day, the Dow was up 84.54 at 12,170.56. The S&P 500 closed up 12.12 at 1309.66. The Nasdaq 100 was up 41.59 at 2312.09, crossing the key 2300 level today.

Advance-declines were almost 2 to 1 positive on the New York Stock Exchange and about 5 to 3 positive on Nasdag. Total volume was a light 3/4 billion shares on New York with a nearly 4 to 1 positive ratio on up volume over down volume. Nasdaq traded just under 2 billion, and had a 5 to 1 positive volume ratio.

Leading the way today on TheTechTrader.com board were some large caps, with Apple (AAPL) up 5.78 to 344.97, Amazon (AMZN) up 5.78 as well to 171.10, Chipotle Mexican Grill (CMG) up 4 to 250.98, and Molycorp (MCP) up 3.58 to 55.28.

Among other gainers of note, Spreadtrum Communications (SPRD) jumped 1.20 to 29.25, OmniVision (OVTI) 1.97 to 33.74, Autodesk (ADSK) 2.20 to 43.82, Ariad Pharmaceuticals (ARIA) 57 cents to 6.92, Charming Shops 50 cents to 3.46, Excelixis (EXEL) 42 cents to 11.67, and Glu Mobile (GLUU) 42 cents to 4.02. IDT Corp (IDT), mentioned on CNBC today, jumped 80 cents to 25.19. IMAX (IMAX) had a big day, 3.30 to 29.90.

In addition, Interphase (INPH) rose 35 cents to 6.33, IPG Photonics (IPGP) 2.36 to 60.13, and LightPath (LPTH) 98 cents to 2.35. Micron (MU) gapped up and ran up 90 cents to 11.51. OMNOVA Solutions (OMN) advanced 88 cents to 7.66. Red Hat (RHT) was another big gainer, up 7.29 to 47.26. Stec, Inc. (STEC) was up 1.01 to 19.19, Tibco Software (TIBX) 1.31 to 26.11, TranS1 (TSON) 84 cents to 4.10, and TranSwitch (TXCC) 50 cents to 3.37. So a good day for the most part on our board.

But there were some losers, which included Direxion Large Cap Bear 3X Shares (BGZ) 1.12 to 37.18, down and the the Direxion Small Cap 3x Bear (TZA) 84 cents to 38.74

There were no other losers on our board other than Ebix (EBIX), which had a negative article and got slammed for 7.20 to 22.52

Stepping back and reviewing the hourly chart patterns, an early gap-up followed by an immediate pullback that held support triggered the rally for the rest of the session. It was another up-day on Wall Street as key overhead resistance was taken out, but just slightly.

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