There's not a lot of selling pressure in the market. Having sat here and watched and traded, you could tell something has changed. It's a bit of a reprieve. I think the market has to prove itself ... but this rally feels a little bit different. It feels a little bit better.

It's the same old, same old. Large cap tech is going to be in the doldrums for some time.

It looks to me like the market is getting a little psyched-out with these psychological levels, particularly 2,000 on the Nasdaq. After hitting that, people have pulled back a little, but there's still plenty of money on the sidelines. It could inch back up.

The market's been soft for seven to eight months now.

I thought [Powell] did a great job. It was a constructive speech. The key question on everyone's mind is, 'What now?' We'll have to see how the delegates react.

Look at Philip Morris. Its stock value was depressed for a long time on litigation risks, but after all these years the value has finally come through.

Now everyone is chasing.

I think overall the market is OK, there is still cash coming into the market, but it hasn't been a very good week.