NOON BOOM

Markets continue to trade higher and buying pullbacks seems to be today's trading strategy. Remember, markets that are strong all day tend to close at/near their highs.

Strongest sectors- metals, semis, ags, homies, steel, trannies and banks while drugs, utils, biotech and telecom lag.

NYSE- 1900 net winners;

NAZ- 1300 net winners;

NDX- 97 GREEN;

OEX -85 GREEN;

IBD -93 GREEN;

IBD 20- 17 GREEN;

VIX- down 7.3% and trading near the 2008 lows- and about 7% below the SMA 10;

Up volume still 6X Down but seems light again at 568M through midday;

FTSE- +2.2%, DAX +1.7% and CAC +1.6%;

Dr. Brett with his take on "the bottom";

And how did you compare?

SPX trading at 1356 with recent over head resistance at 1360 and then the 1385/1390 levels- not sure the end is today especially if we can get more decent earnings reports.