THE CLOSE

Markets closed at / near their highs with the exception of the NAZ which opened at the high and sold off for most of the day. GOOG opened in the 490's but closed in the low 480's.

Strong sectors included silver stocks, homies, oils, metals, small caps, biotech and retails; leading lower were airlines while semis closed mixed.

Key stocks that closed in the red included BSC KLAC TIF AMGN LVS MGM PFE SGP and YHOO.

Market internals were very strong with a net 1,850 green on the NYSE and 1,000 net green on the NAZ.

The OEX had the best internals of the big 3 with more than 90 winners while the NDX closed with about 75 in the green; the SPX about 420/ 80 green to red.

Big winners included ISRG LOGI SBUX VRTX GOOG HON CAT AXP ATI and XOM.

Big lowers were COF HAL MCD TWX CCU UAUA ERIC AMLN AKAM BRCM and NTAP.

Volatility indexes finished lower by about 4% with the VIX/VXO in the 11.5/12 range and under their respective 10 day SMA's - but hardly in oversold territory.

The 2 day RSI on DJIA now over 99 while the SPX number is under 95.

I expect a selloff in the markets probably beginning on Tuesday - but I doubt it goes very far as this market may not want to let a lot of new buyers in easily. Besides, whose more scared, the longs or the shorts. Yes- and I continue to hold little in the way of shorts as for what ever reason, there is a demand for equities.