CLOSING RAMP

As it typical on up days- the markets closed at/near their highs of the session with the SPX +22, NAZ +37 and the DJIA +185.

Strongest sectors- banks, financials, reits, real estate, brokers and materials while ags, trannies, biotech and telecom lagged.

NYSE- 2000 net winners;

NAZ- 1000 net winners;

NDX- 80 GREEN;

SPX- 454 GREEN;

VIX- lower by almost 10% at/near 26.2- and trading about 7% below the SMA 10;

TRIN- .42 as up volume was almost 10x the down;

Markets a little over bought here with RSI 2 readings near 90 on most major indexes;

Looking for some selling as the earnings get reported as it appears markets have now run ahead of the big financial number expected tomorrow-