THE SURGE

Markets closed higher on some wacky action in the last few moments of today's trade- SPX closed higher by 5 after climbing about 5 points in the final five minutes of trading. Not sure what that was - but I am sure lots of folks were looking at it with mouths wide open- and if you look at volume bars on ES/NQ futures - a surge in the final five minutes.

Strongest sectors- energy, ags, telecom and brokers while real estate, homies, banks, retail and biotech lagged.

NYSE 750 net winners;

NAZ - flat internals;

NDX - 50 GREEN;

OEX- 60 GREEN;

VIX- down 3.3% at 35.3;

TRIN- 1.24 with upside volume a hair better than down and light volume over all;

SPX above 875 yet again - and over bought with RSI (2) levels at/near 90 on NAZ/NDX/SPX /DJIA- so some selling early next week should not surprise any one - and it really didn't look like new money was being put to work today- so we will see if they show on Monday.