THE CLOSE

The markets rebounded today with about 900 more stocks ahead on the day than down. The DJIA closed + 50, SPX +7 and the NAZ +12.

Oils, internets, banks, techs and drugs closed higher while losers included SOX, airlines, homies and metals. Intersting how SMH was flattish and SOX was lower (weightings). There is also some chatter that a large investment house is about to upgrade the semi group. Time will tell.

Tomorrow brings us Fed Head day and I have no clue as to direction although it would seem that there really isn't much that Big Ben can say that would make the markets go lower. Seems like he has already done his damage and anything else he has to say would be baked into the markets (one would think) .