MIDDAY THINKS

Markets moving up again led by biotech, metals, real estate and brokers while banks, semis, oil service and drugs lag.

Internals improving with 380 SPX stock green and 72 NDX stocks trading up.

RSI 2 levels near 99 on most major indexes so any trade should be quick - as I suspect when this market drops it will be quick as lots of folks know how over bought we are.

Know doubt Pisani who was telling us this AM how all the risk is with the shorts- will no doubt tell us later in the week how "of course the market is selling down - we were very over bought."

Anyhow, looking at buying dips in SSO for a sell later in the day;

Gold and silver much higher as dollar is crushed on the return to risk trade gets implemented.