HAPPY RECAP

The DJIA closed near the high after a sell off at 330 but coming back into the close. The DJIA +182 after a 175 prediction a little lower on the blog- lol. Note also - the RUT came on strong during the day after lagging in the morning to be the best performing major index of the day +1.6%.

Strong sectors included gaming, silvers, metals, internets, airlines, biotechs (AMGN), retail and real estate while semis, defense and oil service lagged.

NYSE internals +1500; NAZ internals +1175.

OEX- 97 GREEN WINNERS- AMGN GM LTD AVP WB MCD HD WFC T LEH; LOSERS-GS DIS AES CPB;

NDX- 88 GREEN WINNERS- WYNN JAVA AMGN ERIC SIRI RYAAY ERTS CELG EBAY CHRW CELG; LOSERS- XRAY LAMR LBTYA ISRG NIHD AAPL APOL VRSN TLAB VMED INFY;

VIX lower by 7% and trading near the 10 day SMA;

The SPX closed at 1471, about 13 points under the 50 day SMA and 11 over the 200 day SMA, so resistance above and support below.

The NDX at 1989 is well above all its key moving averages while the NAZ COMPQ is right at its 50 day SMA.

Two day RSI readings as follows:

DJIA -73

SPX 72

OEX 76

RUT 63

NDX 73

COMPQ 71

Other stuff of interest:

AGU +6%

CNH +3%

WB +3%

GS ICE FLAT

AMGN +5.5%

CELG +4%

MCD +3%

MEDIA stocks crummy with DJ DIS DTV LBTYA red;

HUI +3%

BHP +4%

GG+3.7%

PAAS +5.9%

SSRI +4.6%

XLE/OIH flipped to green and closed up about 1% each;

CAM+3%

RIG SLB VLO TSO HOC HP FTO DO SU all red;

XRT +2.2%

COH +2.8%

COST +2.4%

HD +2.6%

WFMI +2.6%

AAPL -1%

AMZN +3.5%

EBAY +3.8%

NVDA +2%

YHOO +2%