THE CLOSE

In one of the more boring days in a while, the markets managed to close green with the big cap indexes out performing again. The OEX/SPX were +.4% while the RUT was flat.

The big news was that the SPX crossed over the 1,500 level on a closing basis and the NAZ climbed back to 50% of its all time highs set 7 years ago. Quite an accomplishment indeed.

Strongest sectors included internets, trannies, oils, metals, defense, homies and large cap value. Weak links included gaming, biotechs, retail, utilities, airlines and drugs.

Market internals were +500 on the NYSE and flat on the NAZ while the OEX was about 3/2 green to red and the NDX about evenly divided between winners and losers.

Key stocks generally higher with GS MS LM CME NYX ICE BOT GOOG MSFT RIMM BIDU MO XOM VLO and SGP leading while the red ones included C BAM TGT KSS PVH AAPL PG AMGN MGM WYNN LVS CTSH and DNA.

Biggest winners included MNST PTEN EXPD SYMC MRVL SNDK VZ XOM NSC RF and DELL.

Biggest losers- GM WMB AMGN WY KFT XRX ATI SO INTC CL RYAAY ICAI WYNN XMSR VCLK TSO SYNL and MGM.

Volatility indexes flat and still trading above their respective 10 day SMA's.

Bottom line, its still a bull market, maybe a pull back tomorrow but imvho, we are going higher sooner rather than later and will be at/above the old SPX highs from March of 2007.