PRETTY CLOSE

Closing near the highs and the market with another pretty good performance despite the early morning futures as the SPX closed higher by about 13 and the NDX about 15.

Strong sectors- metals, gaming, banks, telecom, shipping and tech while junk, biotech, real estate and ags lagged.

NYSE- 1525 net green;

NAZ- 860 net green;

NDX/OEX- 160 out of 200 green;

VIX- nothing- lower by 4% at 42.4;

TRIN- .62 with up volume 6x the down and very light volume overall at under 1.5B;

So why the big rally with all the lousy news- my take- pensions etc. under allocated to equities and now that its a new quarter and stocks have bottomed they are increasing their allocations.

RSI (2) levels - near 70 on most major indexes and lets see if they want them again tomorrow.

If your looking for VWAP charting- here it is- Good news from the car companies - hardly.

Remember yesterday?

Another goner;

TIM looking the wrong way for now;

Worst job market in decades;

Finally - even better on the way;