THE RIP

Markets closed with nice gains as the DJIA was +131, NAZ +43 and the SPX +15. Not a bad signal from the TRIN- despite being south of the SMA 200.

Strongest sectors- retail, brokers, real estate, tech, banks and homies while oil, metals, ags and large cap growth lagged.

NYSE- 1350 net winners;

NAZ- 1045 net winners;

NDX- 80 WINNERS;

OEX-90 WINNERS;

IBD-65 WINNERS;

VIX- lower by 8% + to 17.8 and 7% below the SMA 10;

Up volume 3X down with total volume very light again at 1.04 B shares;

TRIN- .77;

Markets closed near the highs and are getting over bought again as the SPX closes over the 1400 level which has been minor resistance of late. Turnaround Tuesday tomorrow would not be surprising as I sold some longs at/near the close inlcuding DIG/IBM QLD at/near the close.

DIG will be back on the radar tomorrow as CRUDE is down $2 as I type- Gold at 883.