CLOSING CNBC

Markets closed slightly higher with the DJIA +4.5, NAZ +1 and SPX +1. YOWZA.

And Congratulations to CNBC and Maria for finally finding a portfolio manager to recommend Big Caps and Big Cap Tech specifically. Of course, if one wanted to play those sectors one could just buy SPY or QQQQ and eliminate any need for a portfolio manager and their fees. Unlikely for CNBC to go there as how will they ever find another PM to discuss Big Cap stocks.

Anyhow, the markets went up, the markets went down and the markets went back up as the DJIA had another tight range day with a whole 46 points between the top and bottom.

The "don't short the market" remains the main button on my computer and I don't intend to replace it any time soon.

Strongest sectors included internets, airlines, silver, emerging markets, utilities, metals, retail, banks, midcaps, smallcaps, homies, oil service and small cap value.

Weakest included gaming, semis, integrated oils, biotech and software.

Market internals on the NYSE closed very strong with about 920 more winners than losers while the NAZ was slightly green with about 325 more green than red.

SPX had about 300 green with the OEX 55 green and NDX with 45 green.

GOOG and GS remained green all day while AAPL NYX MER and MS were flat. AAPL is a bit green on the heels of Job's comments about DRM.

Best stocks today included NOV JOE ABER SSRI HHH NVDA YHOO AMZN AVP AES F GM EX and LTD. Weakest included MEDI NSM HQP TYC AMGN TXN BAX DELL MO AKAM XMSR ADSK MXIM and BEAS.

CSCO looks like a better than expected 2 cent beat in EPS with revenues at $8.4B vs. Consensus $8.28. Don't ever discount Johnny Chambers ability to beat by a penny or 2. Oh and the quote- down 2% as I type. Everyone can now relax as CSCO is in.

Positive volume slightly exceeded negative volume and the TRIN closed at a bearish 1.24. Seems like the greater volume is flowing to the red stocks.