The market keeps moving higher and has taken on the mantra of the immortal words of Oakland Raiders owner: “Just Win, Baby!”

Market Breadth & Heat Map

As the market moves into a more euphoric stage, buyers are looking at stocks for big pops, including a significant uptick in short squeezes.

That also means, high-beat names that trade on the NASDAQ Composite where up volume continues to be astonishing.

Yesterday’s action also underscores the fact investors continue to herd into the same names.

I like the action in Industrials (XLI) and Materials (XLB). 

As I mentioned earlier in the week, the market wants to surge into “extreme greed.” The question is, how long could it live there?

Here’s the deal, the Mag Seven will probably be the reason the market keeps moving higher. NVIDIA Corporation (NVDA) fetched four upgrades this morning, setting the stage for a monster make-or-break earnings release.

Today’s Session

The Producer Price Index (PPI) came out this morning. The results were in line with estimates at a 0.2% m/m increase, but higher than September’s upwardly revised reading of 0.1%. Prices of services went up 0.3% m/m compared to 0.2% in September and prices of goods rose 0.1% m/m after a two-month consecutive decrease.