WHAT WORRY

Markets are moving on up on large builds in oil inventory (demand destruction) as most folks are probably driving less after realizing they are burning up about $4.5 every time they drive 18/20 miles on average.

Strong sectors include banks, brokers, trannies, retail and homies while oils, ags, steel, metals and telecom lag.

NYSE- 600 net winners;

NAZ- 870 net winners;

NDX- 80 GREEN;

OEX- 80 GREEN;

IBD- 34 GREEN;

VIX - down 5% at/near 27;

Up volume greater than 2x down;

Crude 134;

Gold -970

Watching yesterday's highs as I suspect the sellers will come in at those levels- 1235 SPX and after that 1250.