13,000 HERE WE COME

There you have it- demand for equities trumps all indicators/gurus etc. The DJIA is +50, NAZ +5 and SPX +1 as I type after swooning early in the day on the heels of crummy housing numbers.

Strong sectors - semis, tech, utilities, internets, large cap growth and small cap value; leading lower are silver stocks (opportunity to buy), metals, gaming, EWA, brokers, defense, homies, biotech, retail and real estate.

Key stocks are mainly lower with green to be seen on INTC MSFT KLAC TXN NDAQ BSC MS BAC SGP YHOO EBAY and GILD. Red stocks include GS C JPM MA WFC MER LEH BOT CME ICE NYX GE AMGN and DNA.

Market internals have rebounded but are still red with a net of 500 red on NYSE and net 260 red on the NAZ. The NDX/OEX have climbed back to flat internals while the SPX is still a bit red.

Volatility indexes coming back down after getting very close to buy signals this AM on the housing numbers.

The DJIA is now 30 points away from the magic 13k number and not sure when but I am betting it won't be long. Today would not be surprising as semis and tech are leading and that is a good sign and they just may drag the markets right to the CNBC objective.