THE BOUNCE

Market coming out of its funk right now led by the NAZ/NDX/RUT as oil is still higher by 3.3% and the dollar is lower- so anyone's guess as to what is next.

Strong sectors- metals, steel, oils, shipping, utils and semis while banks, brokers, gaming and retail lag.

NYSE- 610 net losers;

NAZ- flat internals;

NDX- 35 GREEN;

OEX- 35 GREEN;

VIX- flat at 21.25;

Down volume still 1.5X the up;

OK- will go out on a limb- market may go higher from hear but I am looking for lower prices before the recent on SPX 1313 gets taken out- so shorting some here on a longer term basis with a stop at the recent highs-