The market had a nice correction from its all-time high and seems to be back on track. Results so far have been pretty decent and market does not expect any negative surprises.

Technology stocks are being driven by Nasdaq gains and money is still flowing in from both local and foreign funds.

Too much money is chasing a few good stocks. There is no stopping this market as long as foreign money is pouring in.

Foreign institutions are selling heavily, particularly in the tech counters. One needs to see if mutual funds are stepping in to buy.