CLOSING GREEN

So we didn't quite make it to DJIA 13K as we stalled at 12,989.69, eh close enough considering the morning dip so anyone who did buy the AM dip should have made some money.

I suspect that we will break through 13K shortly and it will set off some stops which should take us a bit higher which may be a good place for a short term sell/top.

Strong sectors today included semis, tech, utilities, internets, large cap growth, software and drugs. Leading lower were silver stocks, metals, brokers, xchanges, reits, real estate and trannies.

Market internals climbed most of the day but didn't quite make it to flat as the NYSE closed red 480 while the NAZ was a bit better at red 380.

The OEX/NDX closed with about as many winners as losers after starting the day decidedly red. The SPX not as good with 2/3 up to down.

Winners included PCAR ESRX ALTR CDWC SNDK NVDA QCOM BRCM LTD TXN NSM IBM HON and COF.

Losers- TGT BNI AMGN LEH RTN HAL T EP MICC MNST SEPR CHRW and INTU,

IBD winners - SYNL JST AXE DXPE MTOX CNH ROCM EML GMR and SIMO.

IBD 100 was 35 up and 65 down.

Volatility indexes fought back to the flat line after rising to overbought levels on the morning dip.

Tech / semis may lead as folks may get excited about the TXN numbers and the NAZ has underperformed the midcaps/smallcaps. Note today both are red with the DJIA green (IBM and HON) .

Lots of earnings tonite and tomorrow before the open but watch the overseas indexes as I suspect they will rally which could cause a nice rally here.

And finally, Randy Vs. David Wells tonight in Phoenix. Should be a fun watch.