MIDDAY RIP

Markets are moving higher and Billy Crystal is stepping into the batters box in Tampa -and down swinging.

The RUT is leading the way and not sure why but that is what it is- Market internals a bit better than flat on the NAZ- and slightly worse on the NYSE.

Strongest sectors- metals, homies, biotech, airlines, small caps, trannies and oils while China, insurance, emerging markets and brokers lag.

Financials rapidly improving as talk of more government intervention comes to the markets.

VIX +2%;

Smart folks probably out shorting every rip higher and this certainly qualifies. My plan for now- sell strength and short strength- more problems ahead as one of these big institutions is going to have problems- and if you think its baked in the cake- watch BSC every day.