THE REVERSAL

Markets reversed to the green side as Ben started talking to Congress and is now much higher at DJIA +105, NAZ +27 and SPX +12.

Strong sectors- retail, homies, energy, trannies and brokers while real estate, junk, ags, banks and telecom lag.

NYSE- 1300 net green;

NAZ- 1200 net green;

NDX- 93 GREEN;

SPX- 439 GREEN;

VIX - down 6% at 27.25 and about 9% below the SMA 10;

Expecting gains through next Monday as mark up for end of Q and first half show up big today- over bought not real meaningful till next week - already in and out of SSO and remaining long DIG/UNG.