The stock market had a stellar day today as the indices gapped up big and ran hard all day closing near the highs for the day going away.

Net on the day, the Dow was up 275.56 at 11,414.86, at the exact high for the day. The S&P 500 was up 33.38 at 1198.62, also closing at the high for the day. The Nasdaq 100 up 56.15 at 2223.75 was just a nickel off the high.

Advance-declines were 9 to 1 positive on the New York Stock Exchange, and about 6 to 1 positive on Nasdaq. Up/down volume was 22 to 1 positive on New York, with a total volume of 979 million shares up and 44 million down. Nasdaq traded 1 3/4 billion shares up and only 56 million down, and had a 28 to 1 positive volume ratio.

TheTechTrader.com board was mostly higher today, as you can imagine. A lot of large-cap stocks were up, including Google Inc. (GOOG) up 11.85 to 534.03, Apple Inc. (AAPL) up 4.19 to 383.93, Acme Packet, Inc. (APKT) jumping 3.83 to 49.61, Amazon.com Inc. (AMZN) 3.72 to 219.90, and Goldman Sachs (GS) 3.78 to 108.34.

In addition, InterDigital, Inc. (IDCC) rose 2.63 to 70.11, Molycorp, Inc. (MCP) 2.33 to 55.63, Universal Display Corp. (PANL) 2.05 to 52.76, Westport Innovations Inc. (WPRT) 4.42 to 27.24, OmniVision Technologies Inc. (OVTI) 1.11 to 18.26, Brigham Exploration Co. (BEXP) 1.45 to 29.57, and Cree Inc. (CREE) 2.05 to 32.20.

Low-priced MELA Sciences, Inc. (MELA) was up 1.25 to 3.50, or 56 1/4%. That was a big gainer there.

The Direxion Daily Small Cap Bull 3X Shares (TNA) jumped 4.70 to 45.09.

On the downside, the ultra-short ETFs got hammered. The Direxion Daily Financial Bear 3X Shares (FAZ) dropped 8.35 to 54.98, Direxion Daily Small Cap Bear 3X Shares (TZA) 5.49 to 42.42, iPath S&P 500 VIX Short-Term Futures ETN (VXX) 1.53 to 41.19, Direxion Daily Large Cap Bear 3X Shares (BGZ) 3.87 to 39.95, 2.04 to 20.45, VelocityShares Daily 2x VIX ST ETN (TVIX) 4.26 to 55.32, and ProShares UltraShort DJ-UBS Crude Oil (SCO) 3.71 to 52.42.

Stepping back and reviewing the hourly chart patterns, the indices had a big gap up, an early consolidation, held support, and then ran steadily all afternoon in rising channels in an incredibly strong session, closing at the highs going away.

It was as bullish as it gets today.

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