THE 1300

There it is- the end of a great day for the bulls as the markets, which were strong all day, closed at the highs. The DJIA +1.84%, SPX +1.47%, NAZ +1.22%, RUT +2.01% and MIDs +1.55%.

Market selling off in the after markets as DELL is reporting some ugly news trading down 10% on the day at/near $23 and also bringing the NDX futures down to almost unchanged on the day.

NYSE- 1850 net winners;

NAZ- 1280 net winners;

VIX- down 2% at 19.4 and still not over sold at 4% below the SMA 10;

Financials and homies the big winners and just wondering how many folks are looking to reload the short trade in the banks/brokers-

SPX right back at the recent high 1300 level- RSI (2) levels way over bought at near the 90 level with the RUT a little better and the NDX a little worse.


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