CLOSING EARLY

Out of my DJIA Futs trade at 12,030/12,035 after seeing a little selling in the NDX and the Semis after they were the strongest major indexes earlier. Something not passing the smell test so I am running with my $$$$'s early.

Market internals told the story early without budging when the markets had a little (very little) noon time dip. Currently a +1,600 on the internals with oil service, trannies, semis, cyclicals and small caps leading the way. To the downside, banks, airlines and retail with worst performing DJIA stocks being T HD GM GE JPM MO and C. XOM looks like it is ready for $70 again leading the DJIA higher along with AA CAT MRK KO UTX HON and IBM.

Volatility indexes continue to trade near the 11 area and up to down volume on the NYSE 740/342 bullish. Tomorrow is Tuesday and it would not surprise me to see Turnaround Tuesday (lower) as the NAZ Futures are giving up some of their early gains.