CLOSING NUMBERS

Markets closed the day up with the DJIA +99, NAZ +15.5 and SPX +8. The RUT/MIDS were also up about .75%.

Strongest sectors included brokers (BSC BRK rumors fueled by NY TIMES), airlines, biotechs, real estate, gaming, utils and defense while metals, homies, oil service and semis lagged.

NYSE internals +1000;

NAZ internals +560;

OEX 80 GREEN;

NDX 60 GREEN;

IBD 100-60 GREEN;

WINNERS- XMSR WFMI IACI SIRI MRVL LVLT AMGN UAUA MICC GM F AVP AA CI XRX ROK MS LEH JRJC ACM TKC CNH VIVO ARGN HDNG FLIR MBT GPOR;

LOSERS- ALTR XLNX LRCX PAYX GRMN AMAT MNST VRSN PTEN DISH SLB BAX USB NXY MER ORCL BHI BA ABT EXM MHJ BIDU DWSN SNDA NILE BCSI DRYS CTV;

Up volume more than double Down volume;

VIX down 5% and close to 20% below the 10 day SMA - and markets rarely make big moves from these volatility levels;

Not sure if the markets would have closed up 100 if the BSC/BRK.A rumors didn't hit the tape in the middle of the afternoon as the market felt like it wanted to go lower.

Overhead resistance seems to be near at DJIA 14000 NDX 2100 and SPX 1535 so it may be worth taking some off on another ramp. I suspect lots of folks want to short near the old DJIA highs.