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:
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.