HEADS UP AGAIN

So the SPY buy yesterday at the 130 level is now about 7 SP points higher in a few hours and anyone who bought should be trailing a stop on the profits. The NYSE internals are looking spry at 850 to the green but the NAZ internals not so good at +280 . And believe it or not the leading sectors today, Oils and Metals, hard to believe. The brokers are also looking good with my boy JEF leading the charge. My other boy, SNDK is also doing well 2% higher.

Its interesting that Tech and Small guys are trailing the leaders today with the Semis and Biotechs red to pink.

The Volatility indexes are heading lower (bearish) and AMZN off the mixed numbers is higher by 25 pennies. GOOG is down a buck and AAPL is higher by 1%,

The Pivot Point today on SPY is 130.47 with resistance at 131 and support at 129.8. If the NYSE internals hang in, I would be inclined to buy a dip back to the pivot area of 130.5.