Be careful folks. Yes, there have been a smattering of 1000+ ticks today and the Dow is higher, but market internals are crummy.
Looking at the NYSE, breadth is bad - running at 25 to 7 negative which is a broad based sell off. Volume breadth is also in bad shape with declining volume running ahead of advancing by a 746 mln to 167 mln. So far today new lows has eclipsed new highs by a margin of 107 to 26.
Nasdaq breadth is 21 to 7 negative as well with over 150 new lows, 47 new highs.