ANOTHER RECORD

The DJIA closed with another record tacking on another 105 points or so. The average stock probably didn't fare as well as only about 400 more stocks gained ground than lost.

Neither the Naz nor the IWM faired as well as the DJIA or the SPX as both hit their highs early this morning.

Stock/Sector winners included GOOG EBAY WMT KSS TGT GS AAPL retail, brokers, consumers, cyclicals and airlines. Lagging and red included GOLD SILVER trannies, oils, oil service, drugs and biotechs.

The question on many a trader's mind is what exactly are the crummy market internals saying?


I am not bearish but I am hardly ready to back up the truck and buy everything. Semis, software and tech not exactly hitting the ball out of the park so I think it may be time to be a little cautious regardless of the market that refuses to pullback.

VIX/VXO tandem trading near 11/10.5 so again no movement there despite another four days of trading in front of us before the two day weekend.

We also get to hear from Big Ben later in the week and that may get a little reaction.