Is this real? Will the SP500 keep rising? etc
These are the questions hedgies not expecting this move are pondering. They do not know what to do, except follow the tape. Its nice to be one step ahead of these people.
The SP500 bounced off the 14SMA, and looks to want to test the 1200 level.
Play it smart. Take profits on the way up (between 1195 to 1210). Buy into the eventual correction. (That's the trader in me. But many many stock are still awesomely cheap.)