BOUNCEBACK

The markets are higher either on hopes of peace, lower oil prices, M&A, end of fed rate hikes or something else like an oversold market.

Anyhow, there are more than 3,000 more winners than losers with top performing sectors being airlines, Indian stocks, biotechs, small caps, retailers, brokers and oils. Precious metals the one sector lower.

For all those waiting for the outperformance of Big stocks over Small stocks, I direct you to IWM+1.8%, SPY/DIA+.8%, and note the outperformance of big over small seems to only occur on down days.

GOOG is also lower and interestingly, QQQQ and SMH are both underperforming the SPY/DIA.

My take is any move back to the SPX 1260 area is the area to sell/short.