Right now, I must say I'm very impressed with the way the market is acting.  The failed rally was a good reason for investors to pack it in, and those worried about recent action to pull the ripcord.  Instead, buyers have emerged ahead of the weekend.  The outcome of the session is in doubt, but the resolve is there and encouraging.

Of course, light volume also skews the action. But if we rally into the close, that would be a statement worth noting. 

I'm really loving the action in Materials, led by Freeport (FCX), which actually caught a Wall Street downgrade this morning. The XLB (Materials ETF) is in a cup and handle formation and makes a huge breakout with close above 86.50.

XLB

Reopening stocks also act pretty good - at some point, the trading bounces will morph into something more sustainable. But as we see Delta cases decline, there could be major investable breakouts.

Have a great weekend.