THE CLOSE

Markets did well today but closed off their best levels as the fins and tech started to give way late in the afternoon. SPX +24, NAZ +54 and the DJIA +221.

Strongest sectors- energy, materials, retail, semis and trannies while metals, banks, telecom and drugs lagged.

SPX 445 green;

NDX- 93 green;

NYSE- 2000 net winners;

VIX- surprisingly up on the day and back at 30- a little interesting;

RSI (2) levels- way overbought -near 93 and looking toppy - f0r now-

Todays- trade long QLD into a pullback and a sell higher but not a big winner- fins moving lower in the afternoon got me out of the trade and it closed near where I sold-

Also sold some DBA for a nice gain and will look to reenter at lower prices.

Tomorrow - probably TT Turnaround Tuesday.