Yup, that's normal. When your muscles have been stressed more than usual and need to repair, they hold on to extra water. I can easily gain a pound or two when re-starting a weight lifting program (yeah, I've stopped and started enough times to know this, lol) so it seems reasonable to me.
Most of the fluctuations in your weight from day to day will be from water, not from an actual fat gain or loss, because most of the weight that goes in and out of your body throughout the day is water. Here's a diagram that shows that with some simple numbers, I really like it:
http://www.fourmilab.ch/hackdiet/www...1_2_2_0_6.html