BUST THROUGH

Markets just blasted through SPX 830 and now the question is whether they stay there- No guesses now as one big wrong move was enough for one day.

Strong sectors- trannies, retail, semis and tech while banks, ags, telecom and fins lag.

NYSE- 1770 net green;

NAZ- 1460 net green;

NDX- 93 GREEN;

OEX- 80 GREEN;

VIX - down 4.5% at 40.3;

TRIN- 1.46 with up volume 2.5x the down;

Gold +$6;

Crude +2% at $53.8;

RSI (2) levels: -

SPX 83

NAZ 85

RUT 82

DJIA 87

The old resistance at SPX 825 becomes support and lets see what happens now - surprising how with the DJIA +160 and SPX +16.5 how could the XLF/BKX trade near the flat line - well it is and also note that GS MS BAC JPM all red or flat on the day. FWIW.