CLOSING HIGHER

Markets closed higher led by the tech heavy NAZ/NDX as AAPL AKAM BIDU CSCO EBAY GOOG INTC MSFT RIMM TNL and VMW all powered higher.

Strongest sectors outside of tech included oil service, small caps, biotech, telecom, large cap growth and defense while airlines, insurance and bank lagged.

NYSE- 330 net winners;

NAZ- 740 net winners;

NDX -75 WINNERS;

OEX-60 WINNERS;

IBD 100-75 WINNERS;

VIX -lower by 5% and trading about 7% under the 10 SMA;

Up volume a bit ahead of Down volume and total volume was fairly light;

My QQQQ trade from Monday is now solidly in the green as the QQQQ is up about 2.5% on the day. I will watch it tomorrow but probably leave it on into next week.

RSI (2) on various indexes as follows:

SPX 64

DJIA 55

NAZ 82

NDX 83

QQQQ 84

RUT 84

MID 78

Technically, the SPX is above recent support at 1,460 and a little below recent resistance near the 1,475 level. The DJIA is about 60 points below the 200 SMA and that has been pretty hard resistance of late.

RIMM earnings being hyped in the after mkt by the usual suspects on CNBC, curious to see how it trades tomorrow although it is way up as I type.