Markets closed the day near the highs as the DJIA was +360, NAZ +82 and SPX +44.5.

Sector strength found in financials, brokers, real estate, gaming and ags while oil service and utils lagged.

Market internals very strong all day;

VIX- down 10% at 51;

Total volume ok at 1.5B and up volume swamping the down;

Next areas to look for on SPX include 945 on the upside as that is the next FIB retrace area- 1K by year end would be quite a move but its on the radar-

RSI (2) levels at near 85 on major indexes so don't be shocked by a pullback - probably quick and providing a good entry point.


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