THE CLOSE

Another good day for folks who are holding equities and metals as the SPX closed +8, NAZ +14 and the DJIA +61.

Strong sectors- homies, gaming, oil service, energy, trannies and airlines while semis, biotech, ags and junk lagged.

NYSE- 1330 net winners;

NAZ- 450 net winners;

SPX - 385 GREEN;

NDX- 70 GREEN;

VIX- 24.2 down 2% and about 7% under the SMA 10.

RSI 2 levels:

SPX 92;

DJIA 90

RUT 91

NAZ 91

NDX 91

EWA 96

EWC 95

EEM 93

EWZ 98

Gold 99

Silver 96

Also note the new all time high in FAX - the closed end Asian high income bond fund-

SPX got within 10 points of the recent highs today before pulling back and I suspect before long we will be above those levels- name of the game buy the pullbacks - as long as it keeps working - and they are short and quick.