THE CLOSE

The roller coaster continues as stocks closed up with the DJIA gaining 260 the NAZ 54 and the SPX 28.

Interesting how the NDX made its high around 11 AM while the SPX/DJIA just kept chugging along all day as the financials led higher.

Strong sectors- banks, brokers, homies, real estate and reits while oils, metals, ags and drugs lagged.

The key give away tell - the internals never wavered through the early afternoon pull back as there were more than 2500 net winners on the NYSE/NAZ all day.

Lots of chatter about MER and how they are higher today despite the ugly sale - well check the chart- its not like it goes up every day;

Gold/Crude crushed again with the $122 on the latter and $920 on the former;

RSI (2) levels at/near the 70 level as the market oscillates day to day - no short term memory of late;

The way the markets are trading - its pretty dumb to try and speculate what tormorrow may bring- especially in light of the 10:35 EST inventory number - so just day trading the trend for now- and using the internals and the "markets that are strong all day tend to close at/near the highs" as the guide.