BREAK OUT

Markets are trading a bit higher as many stops were apparently placed above the 1,440 level on the SPX. Lots of activity as that number was taken out.

And for anyone interested, the DJIA is about 250 points away from the all time high of 12,795; while the SPX recent high was 1,462, about 20 points above.

Strong sectors include biotech (amgn), airlines, drugs, homies, oils, internets, large cap growth and retail while laggards are metals, defense and real estate.

Market internals getting better as the NYSE is 820 net green and the NAZ is 300 net green.

The three big indexes NDX/OEX/SPX all about 3/2 green to red.

Winning stocks include MFW BLUD GROW AFAM CLB AVT and BTJ while losers include CUTR LHCG CYNO CTCM RVSN HRT and HOLX.

Trading Market up with another article on market timing and this time with the TRIN. Simple strategy, buy the market when the TRIN has closed above 1 for three consecutive days and when it is in uptrend (above 200 day SMA). Sell when it closes above the 5 day SMA. I like to put the strategies together and buy when the 2 day RSI VIX stretch and the overbought TRIN all line up. That is not the case today as we get closer to the old highs.