DA BULLS

Markets are moving up again as YHOO and MS post nice numbers to help out the bulls - SPX +7.7, NAZ +22 and DJIA +56.

Strongest sectors- gaming, Brazil, internets, retail, homies and small caps- laggards include bonds, oil service, junk, trannies, energy and drugs.

NYSE- 1205 net green;
NAZ- 1100 net green;
SPX- 403 GREEN;
NDX- 86 GREEN;

VIX- trading at 20.18 and heading to teenage status - 9% below the SMA 10.

TRIN- .7 with upside volume about 4x the downside.

SPX 1100 very near and the target of this fish is 1120- which is the 50% retrace between the all time high of 1575 and 666 - the March lows-

And congrats to the GOP for generating confidence from sea to shining sea - and we may get that public option yet.