AFTERNOON TRADE

Market fooled lots of participants including this fish as we continued higher despite the late day sell off from yesterday.

Strong sectors- homies, oils, retail and gaming while metals, junk and drugs lag.

NYSE- 1050 net winners;

NAZ- 900 net winners;

NDX/OEX- 85 GREEN on each;

VIX- down 3.5% at 42.2;

Up volume 3x the down;

RSI (2) levels near 92 on most major indexes;

Looking for a little sell down this afternoon and we will see from there- if you look at the pivot points this AM - they worked quite well as the break on the SPX above the pivot was a pretty good tell for some higher prices.

SPX 775 looks like a pretty big line in the sand for the bulls and bears -