CLOSING POP

Markets closed near the highs of the day as the DJIA was +190, NAZ +24 and the SPX +18.5.

Strongest sectors included ags, biotech, reits, energy, retail and small caps while utils, gold, metals and financials lagged.

Leaders among the key stocks- TIF POT ICE VMW CELG MER MS MGM BG IBB and XOM while GOOG UA MA C BIDU GRMN GS and NVDA lagged.

NYSE- 1635 net winners;

NAZ - 1050 net winners;

NDX-75 WINNERS;

OEX-90 WINNERS;

IBD 75 WINNERS;

VIX -4%

TRIN .5

Up volume about 6X Down volume on a typical total near 1.5;

So on a day where the DJIA is +190 GS is red and GOOG is down 22 points or 4.2%. Funny how that is rarely mentioned at CNBC central- although it was great at 750. That chart is now bubble like- hummmm.

Briefing.com with some technical analysis today indicating the SPX needed to close above 1,367.25 for a nice technical break out. Not sure they are right but over 1,360 looks good to me and 1,385/1,390 looks like a next stop if the momentum keeps.