THE CLOSE

Kass is king as the markets have rocketed off his bottom call from a few weeks ago as the SPX closed the day +29 and the NAZ +54- DOPEY DJIA +240. And of course the days that are strong close at/near the highs- greatest trading strategy of all.

NYSE- 2560 net winners;

NAZ- 1767 net winners;

NDX- 95 GREEN;

OEX- 95 GREEN;

VIX -down 5.5% at/near 41.3 and 13% below the SMA 10;

RSI (2) levels:

SPX 95

NAZ 94

NDX 93

RUT 93

So markets clearly short term over bought - and don't forget that we are still in an ugly bear markets - so lets wait and see - and if the bull is back there will be plenty of time for every one to make plenty of money. Oh- since it is always Obama's fault when the market tanks - I am sure all the traders will give him credit for the rally. Sure.