THE CLOSE

Markets closed higher with the DJIA +90, NAZ +21 and SPX +11. The SPX closed right at the 1,360 resistance line and generally of late the markets have turned tail after hitting support or rsistance.

Strongest sectors- homies, semis, metals, real estate, oil service and retail while telecom, gaming, drugs, biotech and drugs.

Key stocks- generally higher led by RIMM ICE KLAC DECK VMW MS POT SMH MER GS- laggards- GRMN CELG MGM LVS UA GOOG ISRG IBB BG PG.

NYSE/NAZ 1,200 net winners;

NDX-70 WINNERS;

OEX-60 WINNERS;

IBD- 65 WINNERS;

TRIN-.68;

VIX - 4.6% and becoming worthless;

Up volume 2.5X Down with a total of 1.4B- light again on a nice up day;

RSI (2) levels:

SPX 81

DJIA 75

NAZ 61

NDX 64

RUT 75

MID 85

As I said- the SPX recent high was 1,395 and the low at 1,315 - so we sit a bit above the middle but at resistance and in coiled spring mode. It should not be long.