We've had four up-days in a row, with the market up every day this week so far.  Today was another day where the indices closed well despite some mid-day gyrations and repeated tests of support and resistance.  At the end of the day the market rallied and closed out at the highs for the day going away.

The Dow closed just under 10,500 at 10492, up 28.  The S&P was up 5 1/2 at 1191.  The Nasdaq 100 was up 12 at 1521 and change, and the SOX up 1.20 today.

The technicals were much better on New York, with advance-declines about 20 to 12 positive.  On Nasdaq they were less than 300 positive.

TheTechTrader.com board was mixed with some outstanding issues on both sides.  Leading gainers were Forward Industries (FORD), which hit a new high of 20 and then backed off, closing at 19.28, up 1.28.  One of our Charts of the Week, aQuantive (AQNT), was up 79 cents, reaching a new multi-year high.  NovAtel (NGPS) was up 1.10, Taser (TASR) up 66 cents, and Vertex Pharmaceuticals (VRTX) 30 cents.

But Netflix (NFLX), after a huge rally this morning on news, gave back the majority of its gains, up just 62 cents on the day after being up nearly 4.

On the donwisde, Digital Insight (DGIN) was down 50 cents, Energy Conversion Devices (ENER) down 71 cents, Escalon Medical (ESMC) 33 cents and Sigma Designs (SIGM) down 24 cents.

Stepping back and reviewing the overall patterns, the rally forged ahead toady and reached new levels, but the oscillators are overbought, and with options expiration I absolutely expect a pullback beginning sometime tomorrow or the latest Monday.

Good trading!

Harry Boxer is a technical consultant to many Wall Street hedge funds and large institutional traders, and author of TheTechTrader.com, a real-time diary of his day, swing and intermediate-term trades. For more of Harry Boxer, sign up for a FREE 15-day trial to his Real-Time Technical Trading Diary, or sign up for a Free 30-Day Trial to his Top Charts of the Week service.