Markets closed near the highs as some sellers tried to shake out the bulls about 3o minutes before the close - but as usual to no avail.
The SPX closed flat, NAZ +1.6 and the DJIA +32.
Strong sectors- materials, semis, homies, metals and tech while real estate, banks, brokers and drugs lagged.
NYSE- flat inernals;
NAZ- 450 net losers;
SPX 203 GREEN;
NDX 53 GREEN;
VIX- lower by 4% at 24.34 and about 12% below the SMA 10;
TRIN- 1.32 with down volume a bit more than up on 1.3b shares.
Looking for lower prices next week as we are way over bought and due for a decent pull back- RSI 2 levels as follows:
Those levels on the NAZ/NDX are pretty unsustainable and a short for next week is probably ALMOST a sure bet-
ZERO HEDGE on GS;
The real issue at CNBC Bartiromo V Burnett;
An interesting case for Natty gas;