MARKEMUP

Looks like the month end Markerupperers at work today taking up just about all sectors. The SEMI's have been leading all day after opening lower. The NAZ futures also dipped in the early trade but have since galloped higher as they are + 20 as I type.

Market internals have flipped to green with NYSE +1,000 and NAZ less bullish at +300. Lots of crosscurrents as oil has gotten a bid which may lead to lower equities as the old relationship seems to be reappearing (higher oil = lower equity).

Sectors acting best today include AAPL LEH KLAC SOX INTC ORCL techs, retail, brokers and oils. Metals and trannies the only downside sectors and it seems like the buy the dip is the daytrade of the day.

I continue to focus on the semis/small caps and financials for market direction as they seem to lead both up and down.