THE CLOSE

Good thing I didn't trade that short side which again lured some folks in as the markets closed at the highs and the SPX ending near 833.

Strong today- trannies, semis, defense, shipping and homies while energy, junk, metals and banks lagged.

NYSE- 1800 net green;

NAZ- 1750 net green;

NDX-95 GREEN;

OEX- 70 GREEN;

VIX - still above 40 and down 4.5% on the day;

TRIN- 1.44 with up volume about 3X the down- interesting the TRINQ at .24 with NAZ volume way better to the plus side;

RSI (2) at /near 85/90 on most major indexes - so expect a sell off and maybe tomorrow as fins lagged all day - perhaps signifying a topping area and perhaps signifying nothing.

Recent high of 875 on SPX could also be another target for the bulls - just hard to believe no one wants to take profits.