The SPX closed on its dead ass high and barely had a down tick all day….this is obviously positive action in the face of crude oil’s impressive performance bouncing off important support at $90 and now trading above $93……with gold also up today we are starting to see the risk trade come back on which could catch some legs if we get a palatable near term solution in Greece in the coming days. The rally today was broad and on good volume and was very similar to what we saw yesterday as speculative tech continued to outperform but also saw oil names turn around and show impressive strength, while the financials just gave up…..GS and JPM made new multi months lows while Citi, Bac and WFC continue to hold decently off the lows they made earlier in the month….The fact that the market has rallied in the face of the bank stock weakness is also pretty impressive. GS’s breakdown below $130 (a support level that looks fairly signifigant on a chart dating back to 2009), and how it reacts could be a telling sign here for broader financials….