MIDDAY FLATS

Markets have moved sideways for much of the midday trade but I suspect a push higher is in the cards although SPX 850 is starting to look like solid resistance.

Strong sectors- real estate, fins, homies, brokers and semis while utils and drugs lag.

NYSE- 2200 net green;

NAZ- 1750 net green;

NDX/OEX- 170/200 GREEN;

VIX- down 4.5% at 37;

TRIN- .72 with up volume about 10x down;

Major sign of a new bull market is buying pressure into the close - we have seen that several times now and I am expecting it today despite the 3 day weekend. So looking to buy before the close for a sell near the close.