MIDDAY LOOKS

Markets continue higher and are at/near the highs of the day. Biggest index winners include RUT/NDX DJIA in that order.

Strong sectors include banks, homies, ags, gaming retail and telecom while defense, utils, metals and energy lag.

NYSE- 1800 net green;

NAZ- 1040 net green;

NDX/OEX- 85 WINNERS on each;

VIX- lower by 2.5% at/near 42.7;

Volume- fairly light but 8/1 up to down;

Buying pullback continues to be the way to go as tech leads - so ROM dips looking good along with QLD -

My suspicion is the market will run into some trouble next week as we get the sell the news on the bank/ stimulus plans.