WONDERFUL DAY ON THE STREET

Markets continue to act well and why is it every time the CBOT goes down the YM Dow Futures go straight up for the longs and choke the shorts. Don't know but its 2 days in a row that the CBOT was down and the YM Futures opened at least 25 points higher than the prior trade.

Back to the markets, the SMH is making a very nice comeback and is now trading up about .4% after trading down on the AMD warning. GS back in the news with a Forbes article on how the percieved hedge fund could blow up. I think they are more like the house at the casino and check out how MGM WYNN LVS et al have done of late.

Market internals continue on their merry way with about 1,000 more winners than losers on the NYSE and 565 more green than red on the NAZ. The NDX is about 70/30 winner to loser while the SPX 500 is 300/200 up to down.

GOOG and the brokers continue to act well while AAPL is dipping again on the option probe news.

Sector winners include oils, silver, metals, airlines, drugs, homies and brokers while internets, utilities, gaming and AAPL trade lower.

I suspect that the markets will close well today and barring any bad news over the weekend, expect the new DJIA high on Tuesday over the 12,580 level.