THE MOVE

Markets are trading up as buyers have decided to buy this recent small dip- SPX +9, NAZ +24 and the DJIA +83.

Strongest sectors- gaming, internets, energy, real estate, retail and semis while nat gas, banks, airlines, bonds and brokers lag.

NYSE- 1400 net winners;

NAZ- 1000 net winners;

SPX- 430/70 up to down;

NDX- 90% GREEN;

VIX- 22.25 - flat and 2% above the SMA 10;

RSI 2 levels:

SPX- 60;

NAZ -78;

NDX- 82;

DJIA 63

RUT 54

Small caps continuing to under perform - so watching that chart closely- not buying or selling this morning although if the markets dip down and fill half this gap - I would buy looking for a close at the highs.- the banks making me a bit nervous as they lag big - but will probably take a shot later.