2,800 on the S&P has long been a resistance point and it's definitely blowing through. He started buying yesterday and will keep picking away, even though markets are a little overbought and many stocks are overvalued. He's picking up resources and materials, stocks that have fallen and are basing, not the stocks that are already rising. Can the S&P sustain 2,850? The market has finally cracked 2,850 after many attempts. It'll probably crack 2,900--and that will be pretty big. Though 2,900 will invite selling pressure, the S&P can continue to be bullish after that.

How do you use the RSI indicator? The RSI default is 14 days. You're looking at the speed of movement over a given time period. You want a stock to move up to achieve momentum. Like a baseball, a stock has a maximum acceleration before it slows and moves down. The time frame can vary depending on the type of trader you are.

The price of copper. He's been buying the base metals. Copper has stopped its downtrend, made a base and has just broken out. He bought upon the breakout. This could reach $3.50, certainly low-$3.