BIG OPEN

Markets are higher on the heels of lower inflation numbers and a take out in the gaming industry.

Strong sectors include gaming, semis, biotech, homies, utilities, trannies oils and small caps; eh none that I follow.

Strongest stocks include PENN MGM EXPE INTC NVDA MICC IACI SPLS CELG GM EMC ACH GME TEX ICE MICC RDY TSO TWIN and NSM.

Lower stocks include FCSX HDNG CPLA ATN CLRK LTD NDAQ SNDK AMZN SHLD PG and CVC.

Market internals very very strong again with a net of 3,300 winners on the NYSE/NAZ.

Better yet, the OEX with 96 up and 4 down while the NDX is 80/20 up to down.

Volatility indexes lower by about 6% and shouting SELL as they trade at/near 10% below their respective SMA's.

The 2 day RSI's on the major indexes now at/near 90+.

One sign the markets may be making a short term top today, 25 of the 200 issues on the OEX/NDX trade at 2 day RSI numbers above 95 and 1 issue is below 10 (DISH).

And of course all the folks who talked about equities being in lock step and held hostage by rates- well not so much today as the 10 year still trades at /near 5.2% and the SPX/DJIA are trading near the old highs.