MORNING MOVES

Markets moving on up again and it seems that as long as oil tanks markets go higher. The DJIA +60, NAZ +9 and SPX +5.

Strongest sectors include solar, homies, banks, brokers, retail and telecom while metals, ags, oils and shipping lag.

NYSE- 500 net winners;

NAZ- 450 net winners;

NDX- 50 GREEN;

OEX- 75 GREEN;

IBD- 45 GREEN;

VIX- flattish near 20.25;

Up volume almost 3X the down;

EURO 1.47;

GOLD- $795;

CRUDE- $112.5;

The 1300 number on the SPX looks to be continue resistance and if/when we get through - the next level is the recent high at /near 1313- also note the SMA 50 in the rear view window at 1288.

Today the RUT is again the strongest major index while the NAZ/NDX is the weakest as I type. Michigan index near the target at 61.7.