HIGHER FINISH

Markets closed the day higher after an ugly scene in the futures during pre market trading. The DJIA closed +46, NAZ +29 and SPX +6.

Strong sectors were airlines, homies, small value, small caps, retail, banks, financials, China and semis- lagging was metals, oils, drugs and large cap value.

Key stocks- BULLISH- 30 out of 40 green - leaders- DECK ISRG NVDA GRMN WYNN AAPL LVS GS COST UA- laggards- MA ICE BG XOM RIMM CELG CAT MGM POT BIDU;

NYSE internals +340;

NAZ internals +575;

NDX -75 GREEN;

OEX -70 GREEN;

IBD 100-45 GREEN;

BIG WINNERS- CRNT ISRG CYNO HDNG MTL SYNA NVDA GLNG GRMN VDSI BDK XRX MRK WFC DIS ORCL RTN GS AVP AES ATVI SHLD XMSR SPLS FAST ROST MNST;

BIG LOSERS- SGP AMLN SEPR RIMM ESRX TLAB EBAY MXIM AKAM CSCO SLB WY NXY COP EP XOM BMY MDT CVX MCD FSTR VSEC OII LIFC BTJ CTRP DWSN MR;

VIX - lower by almost 7% and still way over bought;

So the buy signals sang all at once on Friday and after the probe lower the markets rallied nicely. The SPX closed at 1507 leaving the 50 day SMA in the rear view mirror at 1,497 as did the DJIA which has a 50 day at 13,565. The NAZ/NDX acts the best and each closed up more than 1%. RUT/MID also up way outperforming the big caps and value finally gets a day in the sun.

IBD 100 internals lagged major indexes as metals and energy are a disproportionate amount in the momo stocks.

I mentioned a while ago that I anticipated a sell off in October and then a rally for the seasonally strong NOV/DEC end of year period. We will see but that continues to be how I will play.

AAPL TXN AXP COH JBLU LMT LVLT LKX SAY AMTD UAUA all after the close and before 9:30 tomorrow.