NEW DJIA HIGH

Markets closed at their highs as strong market internals/brokers/tech/ NAZ gave the game away early. The DJIA closed up 88, NAZ +35 and SPX +12.

Strongest sectors were tech, semis, internets, gaming, brokers, metals, small caps, homies and drugs while airlines and software lagged.

Market index internals were extremely strong all day with the NDX showing 90 up and 10 down, SPX - 400 higher - 100 lower and OEX 80 higher and 20 lower. Overall, 1,300 net gainers on the NYSE and 1,000 net green on the NAZ.

Big winners included YHOO T GM ATI GOOG GS SUNW CTXS GLW and EBAY. Bottom of the barrel included AMD PTV NSC SIRI XMSR ROK and MCD.

The DJIA is now at an overbought 2 day RSI of 84 and the VXO is oversold trading under 90% of its 10 day SMA. Traders will probably want to wait for a dip, but as has been clear for quite a while, buying dips or holding longs has been the winning trade.

Final note on Cramer, what is bothersome is that he comes on TV every few days with a different market opinion and pretends like it was always his opinion. It just make good anchors like Erin etc. look silly as they play along.