Apparently mergers are driving the market higher in a strong, broad rally tapering off around 11:00 EST.
Another possible reason for a rally is earnings, which start next week, on October 7, when Alcoa announces. Recent articles indicate earnings could be good–meaning less bad.

I did nothing with my portfolio–almost everything is in play, making money. I did have an SDS call on over the weekend as a hedge, which I sold within a few minutes of the open.

On the few funds with trailing stops or puts, my stops to repurchase are above current levels, because one day does not establish an uptrend.

Cheers, Paul