THE CLOSE

Markets closed near the highs of the day led by believe or not the energy sector with the OIH closing up 2.7% to $215 and DIG up 5.4% to $122.5. Gold also soared closing up 22 to over $900.

Other strong sectors included steel, ags, emerging markets and utils while banks, brokers, retail and reits lagged.

NYSE/NAZ internals flattish;

NDX- 40 GREEN;

OEX-40 GREEN;

IBD- 75 GREEN;

VIX- flattish at 16.5;

Up and down volume about equal with higher overall volume due to expiration;

Monday probably brings higher prices as folks start to believe the market is finally doing well after being up about 170 SPX points from the bottom.

The DJIA seems to have a bit of a problem breaking through the 13k area as there always seems to be another blow up among the 30- ( C GE MRK etc).