THE CLOSE

Markets closed higher led by the NAZ/NDX/RUT and value- the DJIA +173, NAZ +43 and SPX +22.

Strong sectors included retail, homies, gaming, reits and banks while oils, metals and ags lagged.

NYSE- 1000 net green;

NAZ- 625 net green;

VIX- down 3% at/near 61;

The interest on the ten year note fell again to 2.676% and this little tidbit from BESPOKE looks pretty pretty interesting.

Also saw a briefing.com bit that said as follows- "Treasury is considering a plan to halt sliding home prices by lowering mortgages via FNM and FRE"- maybe they are waking up -

Just tell me that TLT doesn't look like RIMM/ICGE/AAPL all at 200+- hmmmm.

RSI (2) levels near 65 on most major indexes so maybe a bit further to go here- perhaps even 900 on the SPX - but the RUT/NAZ/NDX looks like the place to be - and maybe even a rally into year end.