MORNING JOBS

Markets closed higher with the SPX +13.5 and the NAZ +31 while the DJIA falls off the shark radar for good - dopey index 4ever.

Strongest sectors included gaming, energy, brokers, ags and retail while real estate, bonds, utils and shipping lagged.

NYSE- 840 net green;

NAZ 840 net green;

NDX- 80 GREEN;

OEX- 70 GREEN;

VIX- flat at 43.5;

Up volume 3X the down;

Congrats to Ken Lewis for buying $1.7 million of BAC stock- the equivalent of most folks buying a box of paper clips in relative net worth basis- meaningless in my opinion - only matters for PR.

Markets a bit over bought with RSI (2) reading of 78 on the SPX and 93 on the NDX-

Tech and energy continue to lead and I expect that to continue - a pretty good market neutral trade still available long QLD v long DXD-

Also, expecting a better number tomorrow morning for jobs- as I suspect most are too bearish for the moment.