THE DIPPERS

Markets are moving higher despite the over bought conditions- DJIA -20, NAZ +4 and SPX +3.

NYSE- 1200 net green;

NAZ- 300 net green;

OEX- 55 GREEN;

NDX- 55 GREEN;

Strong groups- energy, ags, junk, gaming, shipping homies and defense while telecom, metals, banks and drugs lag.

Tech strong as AAPL GOOG MSFT YHOO all green;

SGP up 2.5% and that may be the target of PFE mentioned somewhere earlier;

VIX- down 2% at 38.45;

DJIA - split internals led by GM C AXP BA HD DD - losers- VZ T JPM WMT JNJ INTC;

EURO- moving higher again as GOLD recaptures some of the morning loses- OIL and energy very strong;

Looking for a nice close as traders seem to want to own equities for now- tomorrow Turnaound Tuesday- so those sell signals may come back to haunt us yet.