MORE JIG

Markets are higher yet again but off the best levels of the over night futures session- SPX +13, NAZ +39 and DJIA +110.

Strongest sectors-shippings, semis, retail, ags, trannies and real estate while metals, biotech, homies and telecom lag.

NYSE- 1800 net green;

NAZ - 1250 net green;

NDX- 88 GREEN;

OEX- 83 GREEN;

VIX- down 3% at 34.9;

TRIN .74 with up volume 7x the down;

Crude trading over $50 and down about 25 cents while gold is hammered down another $14;

The RUT 2K futures just crossed the 500 level and - I guess psychologically significant- other wise markets are way over bought and I expect a decent pull back before the day is over-