THE FIDDY

Markets are still trading higher but well off their best levels and I suspect we will get a nice move back to the highs in the final hour of trading.

Market internals continue to be bullish and the upside volume is still 4X the down.

Sector strength found in shipping, gaming, metals and telecom while utils, brokers and drugs lag.

NDX/OEX- with about 75 green stocks on each index.

WINNERS- F NYX AA DELL BAC FWLT STLD JOYG ADSK LEAP DIS GS GM CAT DIS AXP;

LOSERS- MMM MCD WMT KO PG JNJ NVDA GENZ MRVL CELG HANS GILD AMAT BK CL BAX UNH TWX;

The 50 SMA on the SPX was not touched but it got close at abut 925 while the DJIA equivalent seemed to be resistance near the 8900 level.

As I say - looking to buy pull backs this afternoon as a close near the high would be typical.