Feel Good Rally

The coming certainty of a new president in addition to a more liquid and available short term paper market has led the market higher. A Barack Obama win will probably boost the market a bit more here. Right now we've gapped up 2 bucks on the SPY. It should fade back towards the 50 minute moving average. The rally may continue from there or could slump. Obviously, I'm looking for it to move higher. However, now that we're moved up so much I'm concerned about the potential upside on more than an intraday basis. There is resistance above and the market may very well be tired. CEC is exhibiting poor relative strength and should be sold.