THE CLOSE

After going out on a limb earlier, and declaring the market would go back up today, I decided to put some money on the line and bought some YM DJIA Futures earlier this afternoon. Well low and behold, can anyone believe that the market and the DJIA has rallied to new all time highs this afternoon? Yes, seems like an every day occurrence lately having the DJIA close at/near all time highs. Today I get very lucky again as the OIH and the oil stocks in general rip higher to target number one of $135 on the OIH.

Besides oils and metals, best acting stuff was AMGN, trannies, GS, cyclicals, brokers and big caps. To the downside, find the ever lower SOX, GOOG lower on a Cramer top tick yesterday, biotechs, software, tech, NAZ, drugs, and AAPL down a bit today after a tremendous run.