Markets closed higher but off the opening best levels with the SPX +9, NAZ +19 and the DJIA +56.
Strong sectors- reits, real estate, energy, gaming, semis and brokers while banks, ags, biotech and retail lagged.
NYSE- 1400 net winners.
NAZ- 575 net winners.
NDX- 71 GREEN.
SPX- 360 GREEN.
VIX- up 1.5% at 25.67.
Up volume about 2x the down and ignore the TRIN as it has become useless IMVHO.
Gold closes red at $996 despite the the dollar being down .75%.
RSI 2 about 90 on most major indexes - as the markets are over bought.
As expected the markets trended higher as the dips were bought - and I suspect that action will continue and the long side will be the place for profits.