OFF THE BEST LEVELS

Markets closed off the best levels of the day but with a nice gain never the less- and I did sell some DGP near the end of the day.

Strong sectors- metals, oil service, internets, retail and energy while reits, junk, trannies and banks lagged.

NYSE- 1760 net winners;

NAZ- 1250 net winners;

NDX- 91 GREEN;

SPX- 421 GREEN;

VIX- 25.7 and down 4% and trading near the SMA 10.

TRIN- .86 with up volume about 4.5x the down and light overall at 1.25b shs traded.

RSI 2 levels as follows:

SPX - 82

DJIA -84

NAZ 81

NDX 82

RUT 81

GOLD - 97

Silver 91

So markets over bought again and I suspect we rally back to today's highs tomorrow and witness a similar sell off- That is the current plan of attack.