Today’s session is compelling, despite a lot of data that missed Wall Street consensus. The market is not only holding up, but its composition is rotating out of safe-haven sectors. 

It's okay for the market to take time, as the S&P 500 is trying to build a foundation above its 200-day moving average. 

I like the action in Software as a Service (SaaS) and general software stocks today. Right now, it's difficult to ascertain if the sharp moves higher are oversold bounces or the start of something much bigger.