CLOSING TIDBITS

Markets closed the day higher after an initial rally that failed on the ABK news- then back up in the afternoon.

Strong sectors- the usual suspects- oils, metals, ags, emerging markets and tech-while biotech, financials, banks, drugs and real estate lagged.

NYSE- 600 net winners;

NAZ- FLAT;

NDX- 70 GREEN;

OEX- 65 GREEN;

IBD 100-75 GREEN;

RSI (2) levels on major indexes:

SPX 49

DJIA 39

MID 47

RUT 38

NAZ 54

NDX 62

OIH 75

XLE 66

XLF 2

XLK 70

Looks like the NDX is starting to outperform a bit - not sure how long it lasts but for the mean time I will take it. Also check out the oils as crude was up $5 and what ever happened to T

Boone's short crude trade. OIH also up 2.6% plus on the heels of the crude move.

Still watching 1,340 on the SPX as that level was soundly rejected at today's top. Note also the 24 point range in the SPX again- Overall range on the SPX of late 1390/1310- or about 80 points and today's range- 24 of the 80.