THE PIVOT TRADE

The Pivot Point trade from Friday is now up over a buck and the next area of resistance is the 130.7 area. Last week's high of 131+ may also come into play as a point of resistance. The Pivot of the 129.8 area was briefly hit and proved to be a nice entry point.

The internals have flipped to about 1k green and just about all of the major market sectors are now green. The biggest winners are the oils and metals, the biggest losers are the homie stocks (-.5%), and the hated REITS.