PM Meandering

Markets are higher led by the NAZ/NDX +15.5/+12 with the DJIA lagging +45 and the SPX +8.7.

Strongest sectors- oils, ags, steel, internets, metals, gaming and large cap growth- lagging are drugs, utils, telecom, biotech and defense.

NYSE- 425 net winners;

NAZ- 285 net winners;

NDX- 65 GREEN;

OEX-60 GREEN;

IBD-67 GREEN;

VIX- down almost 3% and back to oversold levels;

Up volume not quite 2X Down volume;

TRIN .78;

GOLD- 880;

CRUDE- 122+;

EURO- 1.554;

Markets seem to be running out of steam at these levels- just seems like no mans land as the SPX/DJIA sits under the 200 SMA while the QQQQ is a hair above. RSI (2) levels at/near 70 on the SPX.