THE USUAL

The bears tried today to get this markets down and they made some progress at mid day - but in the final hour holy cow the bulls showed and took it up yet again - although not quite to break even - but close enough.

Strong sectors- internets, junk, drugs, homies and retail while real estate, energhy, ags, semis and banks lagged.

NYSE - 325 net losers;

NAZ- 320 net losers;

NDX- 55 GREEN;

OEX- 40 GREEN;

SPX- 215+275 RED;

VIX- down 1 at 33.53;

TRIN- .75 up and down volume about equal with 1.55 B shares traded;

Calling it a draw as markets closed a little below their best levels and way off their worst- RSI (2) levels a bit better than 80 on the SPX;

Dayrading it for now as the smart trade for now is buying early afternoon weakness and selling near the close- has worked for about 2 months now.