NASDAQ confirms a new uptrend on big above average volume

Today’s action was precisely the action we have been waiting for as stocks exploded higher on big volume as leaders take charge.  Futures were pointing to a higher open prior to economic reports being released.  A slightly disappointing ADP employment report did dampen the mood a bit, but it was the big increase in ISM manufacturing figure.  The market was expecting a reading of 53, but the index rose to 56.3 well above expected sending stocks much higher.  Volume ran higher across the board for much of the day.  Yesterday