EARLY TRADE

Markets are trading higher but off their best levels with the SPX +10, NAZ +19 and the DJIA +83.

Strongest sectors- gaming, brokers, trannies, reits and airlines- laggards- metals, junk, consumers and drugs.

NYSE- 1330 net green;

NAZ- 1000 net green;

NDX- 80 GREEN;

SPX- 395 GREEN;

VIX- 22.65 down 1.5% and about 90% of the SMA 10;

TRIN- .58 - up volume 5x the down;

Markets way overbought but looking for higher prices before the close- long SSO at 36.09- and looking to buy more lower.