NOON LOOK

Markets continue higher led by mid and small caps. The DJIA is +31, NAZ+14 and SPX +3.

Strong sectors include metals, silvers, brokers, semis, trannies, retail and airlines while oils, real estate and banks lag.

Biggest gainers include ADAM CHRW ADBE FLEX NTAP NSM ATI AMGN BNI AES TGT TYC UTX LAYN SNP SNHY FTK BAP BIDU AFAM and ARGN.

Losers include VCLK EML DXPE HDNG MTOX SLB CSC CVX CBS TWX SHLD MICC LOGI VRTX and EBAY.

Market internals continue strong with the NDX at 70/30 gainers to losers while the OEX is 65/35 up to downs.

IBD stocks also very strong with 75 of the 100 in the green.

The major indexes are sitting at the following 2 day RSI levels:

DWC- 92

DJIA 94

SPX 91

NDX 92

NAZ 92

Large and Small Growth- 93

Large and Small Value- 88/89

Some low 2 day RSI stocks include:

CELG 3

GM 3

VRTX 2

APOL 2

TEVA 4

Volatility indexes sitting near the unchanged levels and a bit below their respective 10 day SMA's.

My take, we bounce around for the rest of the day as days after big trend days tend to be choppy.