THE GOOG

Markets closed a bit off their best levels and are lower in the after market as GOOG did not live up to the numbers- GOOG trading at $428 as I type which is down about $18 from the 4.00 o'clock close.

The SPX closed +8, NAZ +22 and the DJIA +96.

Strongest sectors - materials, biotech, trannies, internets, semis homies and small caps while retail, ags, brokers and telecom lagged.

NDX- 76 GREEN;

SPX- 369 GREEN;

VIX lower by 2% at 25.4 and about 10% under the SMA 10;

TRIN- 1.38 with up volume a little better than 1.5x the down- with almost 1.2B shares traded.

Thinking the markets have a little problem moving higher from here as good earnings numbers now seem to be baked into profits- in addition - markets way over bought and due for a drop as RSI now at/near 98 on most major indexes-

Also expecting to see tech lag - since it has now had a very nice run - and maybe some energy to lead as Nat gas finally had a good day- and I suspect that will continue- these commodity pricing won't go to zero nor will they go bankrupt any time soon.