PRE NOONER

Seems like I have been yapping about a SPX new closing high for an eternity but I guess today I can declare victory as we have gotten with in a half of a point. The question, what now and I suspect a pull back before we get to the next target which is the all time high at 1,557.

Anyhow, the RUT is the big winner today as it trades up almost 1% while the big cap DJIA trades near the flat line.

Strongest sectors include semis, internets, homies, reits, small caps, metals, biotech, small cap value, brokers and tech while utilities, banks, consumers, airlines and retail lag.

Key stocks have turned generally higher led by ICE NYX BOT MS LEH BSC MA BAM SLG ASN JOE FCE.A MCRI WYNN DNA BIIB SGP and AMZN- Lower are FDX EWA EFA AZN SYK LVS INFY CTSH NMX CME and C.

The DJIA shows about 18 up and 12 down with DIS MO MSFT HPQ GE and PFE the biggest gainers while AA DD WMT UTX KO MCD and IBM lag.

Market internals are solidly green with the NAZ net 1,000 green and the NYSE net 660 to the plus side.

The OEX is about 60/40 up to down while the NDX is very bullish with 75 up to 25 down.

IBD 100 better yet with 4 up to each one lower.

Biggest winners on the NDX include VMED AMZN VRSN JOYG SIRI LVLT XMSR and SEPR while MNST INFY INTU TEVA MRVL SUNW CTSH and COST lag.

Volatility indexes trade with the DJIA and near the flat line. They started the week trading about 5% below their respective 10 day SMA's.