LATE CLOSE

Sorry about the closing info but had a few errands. Anyhow, the DJIA closed +42, NAZ +15 and the SPX +4.

Strongest sectors included Australia, semis, silver, defense, airlines, utilities, metals, internets and small cap value. Weakest were homies, gaming, oils, drugs and biotech.

Market internals close green with a net 1,000 green on the NYSE and 500 net green on the NAZ.

Currently, the NDX shows 3/2 green; OEX 5/4 green and the SPX about 50/50.

Strongest stocks included ORCL AES DOW EXC INTC MCD ESRX AKAM UAUA VRTX and ORCL while weak sisters included WYNN APOL FAST COST JOYG WY and TXN (after hours presumably).

The 1,410 line on the SPX was tagged and rejected again and I suspect before long we will make it to 1,415 line and the 50% retracement of the recent high to low. The 2 day RSI near 90 is also coming into play so be careful with the longs as I suspect there isn't much further to go in the short term.