Shares of Tesla (TSLA) took off like a rocket ship (see what I did there) carrying the S&P 500 along for the ride.

It was sort of interesting that value and quality, along with low value, were the drags on the session when just about every market strategist is pounding the table.

Heat Map

While Tesla crushed it, and other mega cap names moved higher Consumer Staples (XLP) and Utilities (XLU) stumbled.

Message of the Leaderboard

Lots of housing-related stocks from swimming pools to homebuilders dominated the list of top advancers. Tesla is looking to ramp up auto sales by 25% next year, which gave traditional automakers a spark. Bottom fishers are checking out Lulu Lemon (LULU), which has lost the magic but has the name.

Today’s Session

The market is looking to trade higher at the opening bell, although earnings results remain mixed.  On that note, we feel great.

Yesterday, our Hotline subscribers took profits on HCA, which is the number #1 percentage decliner today. Conversely, subscribers are also long the number one percentage gainer today, DECK. If you are not a current subscriber to our premium Hotline service, contact your account representative or email Info@wstreet.com to join today.

Guidance is what I'm most proud of when it comes to our work.

Speaking of investors, they continue to retreat from high bullishness to a level in line with historical averages. I'm unsure what's happening there, but a portion could be attributed to the election.

Retail investor sentiment has been brilliant concerning sensing periods of enhanced danger to the market. That said, it's also been great at returning to bullishness quickly.

Right now, the past 50 of 51 weeks have seen bullishness above bearishness, which is a bullish signal.