EARLY LAUNCH

Markets took off to the upside a little before I expected as the SPX 875 level was again the number to watch-

Strongest sectors- financials, banks, reits, brokers and retail while commodities, energy, trannies and metals lag.

NYSE- 1500 net green;

NAZ- 600 net green;

SPX - 440 GREEN;

NDX 80 GREEN;

VIX- down 8% at 26.75;

NYSE Volume about 5/1 green and the TRIN at .7;

Hoping for the markets to dip as this ramp came a bit before I expected- still bullish and hoping to buy lower.