Despite the lack of pop in the averages, there is a lot of strength in various areas of the market -- granted most of it is analyst upgrade-related. Let's take a look at what I am seeing this afternoon.
Gold: SPDR Gold Shares ( GLD) is climbing back toward $90. Despite being cut to a hold at Citigroup ( C), RandGold Resources ( GOLD) is now up $2. Agnico-Eagle Mines ( AEM) is also up. Commodity Plays: Oversold bounce in names like Nucor ( NUE), Potash ( POT) and Walter Industries ( WLT). Financials: Seeing some key strength in JPMorgan Chase ( JPM) and Blackrock ( BLK). Wynn Resorts ( WYNN): Shares are up nearly 10% today as are other casino plays. Google ( GOOG): Shares continuing some momentum, up another $10 following yesterday's announcement of company pursuing own operating system.