THE CLOSE

Markets closed higher with the DJIA +51, NAZ +19 and SPX +10.77.

Strongest sectors- oils, ags, steel, trannies and gaming while biotech, drugs, utils and telecom lagged.

NYSE- 770 net winners;

NAZ- 435 net winners;

NDX- 65 WINNERS;

OEX- 60 WINNERS;

IBD -70 WINNERS;

VIX- down 3.5% at 18.2 and trading 6% below the SMA 10;

Up volume more than 2X Down on 1.23 Billion shares- light again;

EWA up about .8% and breaks into green territory for 2008;

CSCO beats the number in the after market as it trades at $27.22- up 3.5% for the day;

SPX/DJIA still under the 200 SMA and that level probably will continue to provide resistance until/if it gaps above.