Stocks gapped up Friday, quickly advanced in the first half hour, took out the highs of the past two weeks (most likely setting off a lot of stop losses of the shorts) and then went sideways the remainder of the day. In the end the S&P 500 added 0.57% and the NASDAQ 0.91%. Data showed Chinese exports grew more than expected, while another report showed the U.S. trade deficit had narrowed in December, indicating the U.S. economy strengthened in the fourth quarter. Original post: STTG Market Recap February 8, 2013