MORNING LOOK

Markets are way up this morning on the heels of better than expected retail sales. The DJIA is +110, NAZ +17 and SPX +11. Also, note the NDX 100 hit a 52 week high as did the DJIA, just 2 days off the big sell off.

Strongest sectors include banks, retail, oils, oil service, brokers, homies and small caps; laggards include biotech and real estate.

Big winners include FAST ROST AMZN CTSH AA ATI WMT EMC TGT LTD FCSX CENX GSOL PCU CAE FTK MTL and HDNG.

Big losers include CMCO SPTN OPY WNR NTGR MDT WFMI (lol), GOOG and NYX.

Midcaps/Smallcaps both up over 1% while the hyped big caps lag at +.75%;

Banking winners inlcude MA MTB STT JPM C BAC;

Brokers/Xchanges out performing include BEN BOT CME GS MER MS NMX TROW while NDAQ/NYX are red;

Biotechs mixed with DNA the big loser;

Drugs all green as SNY and MRK lead;

Gaming led by MGM;

Media is mixed as DJ continues to sink without a deal from Rupert;

Metals all green led by BHP FCX GG GSS PAAS SSSRI;

Oils led by CVX XEC HAL PWE RIG SU;

Retail a mixed bag with BBBY CWTR GES TGT UA WMT leading and CROX LIZ M SHLD red;

Tech mainly green although GOOG MOT EBAY all red;

Volatility indexes down about 7% and heading to over sold sell territory while the 2 day RSI's on the major indexes get near the over bought 80 level.

I suspect another ramp into the afternoon and then perhaps it may be time to sell.