DONE

I guess once in a while the "tells" actually work as the DJIA Futures have ramped about 50 points since the last post was written.

Again, regardless of what one may think, one must trade what one sees and today it was plenty clear that these markets wanted to move higher.

The internals have strengthened all day and are now +1,700 on NYSE and +1,260 on NAZ. Semis have also gotten a bid and are up almost 2% while the NAZ Futures have ripped to their typical best of +40. Banks and brokers were also strong all day and have moved to new highs while GS and MER lead the way. Even the crummy oil stocks have moved higher by 1%+ on OIH and +1.45% on XLE.

The VXO is back under 11 and the VIX is back to 11.6 so a temporary top could be in for now.

I did buy DJIA Futures at 11,840 (post time) and sold em a few moments ago at 11,883, the double resistance on the DJIA pivot.

Tomorrow, I expect a day where we bounce around as that is typical after a strong trend day.

On a final note, one indicator that I have been watching for several months now that I find invaluable is the TICK, just watch if it spends most of its time above or below the zero line. I put lines on ZERO +800 and +1,000. Strong ticks are lots of buying power and that is what this market is about for now anyway.