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Markets continue to trade up with the performance of the major indexes found in the RUT and the and Small Cap value with the rest of the indexes falling in near the +2.6% level.

Strong sectors include financials, China, brokers, banks, airlines, emerging markets, retail and homies while utils, metals, oils and biotechs lag.

Key stocks- everyone in the green led by VMW MER ISRG C LVS BG NVDA MA MS TIF and WYNN;

NDX/OEX both with over 95 issues in the green;

NYSE/NAZ with about 4,000 net winners;

VIX -trading near 24.25 and about 7% below the 10 day SMA;

10 year Bond - 4.027% and still very expensive compared to stocks IMVHO;

Technicals- the SPX trading at 1,466 and between support at 1,450 and resistance at 1,475 (50% retracement) level. SPX 200 day at 1,484 and 200 day at 1,508, so lots of stuff can happen around these levels.

DJIA has regained the 200 day SMA at 13,245 and the 50 day SMA is still way above at 13,600.

The next easy trade may be crude as it has traded down almost 10% from its recent highs. Play the futures/USO or OIL. XLE /OIH probably not as much beta if crude ramps big.

RSI (2) numbers on major indexes:

DJIA 86

SPX 84

NDX 87

RUT 83