MARK UPS

Mark up folks are back at work getting this market back up to the morning highs as the techs, semis, financials, oils and internets are leading the way.

As suspected the mark up folks are having their way after the morning sell off fake out.

DJIA winners include GM INTC JPM CAT HPQ and VZ while MCD MRK PFE PG T and MSFT trail.

DJIA futures back up to 11,775 after hitting a low of 11,730 this morning after touching the 11790 level near the open.

Market internals have flipped to green at +300 and banks and brokers are acting well. GS and MER are approaching new highs at 170 and 79 respectively and that is bullish for the day at least.

Don't forget, when the mark up guys/gals use that ammo to push up quarter end prices, they are using other peoples money to generate month end/quarter end performance which is directly linked to their pay. Yes shocking.

My game plan is to sell into these "record" highs and I expect a selloff next week after the beginning of the month money is put to work.