CLOSING THOUGHTS

And just like that the markets closed at/near their highs and gave day traders plenty of opportunities to enter such as the 2:00 sell off on the beige book- markets closed about 100 DJIA points higher than the big dip point.

Strong sectors- ags, metals, steel, real estate, homies and semis while airlines, drugs and retail lagged.

NYSE - 2100 net winners;

NAZ- 1360 net winners;

NDX-97 GREEN;

OEX-90 GREEN;

VIX- lower by 10% and the lowest number of the year;

RSI (2) levels heading near 90 and any move near 1385 on the SPX probably brings back the sellers.