FORGET THE NAZ UPDATE

The markets are continuing their move higher this morning as the NAZ (see chart above) continues to lead the way. It wasn't long ago when our guy Jim Cramer came out with the "forget the Naz" statement.

Today, the techs are higher again with SMH (+1.5%), MSH (+1.3%) etc. Other sectors doing well are Oils, Brokers and of course the METALS(+4%).

Market internals are strong at 1,300 to the green but not as strong as yesterday and note the Second Resistance at 131.15 on the SPY. I think it will have a tough time breaking through that area today as it currently trades at 130.9.