AFTERNOON CHILL

Markets continue to push higher and the SPX above the all important 800 level at 804+- SPX +36 and NAZ +62.

Strong sectors - banks, financials, brokers, real estate and energy while gold, junk, metals and drugs lag.

NYSE- 2500 net winners;

NAZ- 1675 net winners;

NDX/OEX both with more than 95 green;

VIX- down 7% at 42.7 and only at the SMA 10;

TRIN- .3 with up volume overwhelming the down;

Gold- flat and crude a bit higher at $53.45;

RSI (2) levels:

SPX- 80

NAZ 81

COMPQ 81

RUT 74

INDU 80

OK 805 it is - lets see if it can stay there - if yes (for a few days) we have something - if it sells off into that level - well - same old same old.