ON SCHEDULE

There it was - the ramp in the last hour as the SPX climbed past the 850 resistance and closed at 856+. Next week more backing and filling probably.

Strong sectors- fins, real estate, brokers and homies while metals, utils and drugs lagged.

NYSE- 2375 net winners;

NAZ- 1850 net winners;

NDX - 90 GREEN;

OEX- 80 GREEN;

VIX- down 6% at 36.5;

Volume - 17/1 to the upside and decent at 1.7B in front of the holiday weekend;

RSI (2) at/near 85 on the SPX and folks are looking for pullbacks - trouble is when they come folks get to scared to buy- although this does feel like the real deal - and pullbacks will be bought big and quickly.