THEOPEN

Markets are trading mixed and the first pullback has been bought but I suspect the next pullback will get sold - note the down action stopped at the daily pivot of both the NDX and the SPX.

Strong sectors- energy, metals, shipping and ags while brokers, banks, drugs and real estate lags.

NYSE- 700 net green;

NAZ- flat internals

NDX/OEX- flat internals

VIX- up 2% at 40.85;

Gold $953 and this from the FIB QUEEN;

Crude $52;

SPX 800 level looks pretty toppy and even Dougie now says "out of tech longs"- FWIW.