THE CLOSE

A wild ride on wall street as the markets closed higher with the DJIA +46, NAZ +14 and SPX +10. Check out the RUT which closed up 1.46% with the Small value stocks leading the way higher by 1.71%.

Strongest sectors- retail, airlines, gaming, reits, real estate and banks while drugs, ags, utils and metals lagged.

Key stocks- 30/40 higher led by ICE CME DECK LVS WYNN GRMN AMZN UA CAT and TIF- lower - BG MA MSFT VMW C MTW AAPL POT GE;

NYSE- 850 net green;

NAZ- 444 net green;

NDX-70 WINNERS;

OEX-68 WINNERS;

IBD 100- 65 WINNERS;

VIX -down 4.5% and about flat with the 10 SMA;

TRIN- .98

Up volume about 2X Down Vol;

Technically, for now rallies are for selling/shorting and the next level that looks good for the shorts is at/near 1,340 on the SPX. On the NDX - 1,780 looks like a short term top.