MIDDAY LOOK

Equity markets are trading near the highs of the day as the news from CSCO is giving some bid to the tech stocks- SPX +15.5 NAZ +43 and the DJIA +171.

Strongest sectors- defense, semis, small caps, gaming, biotech and homies while ags, retail, metals, reits and drugs lag.

NYSE- 1750 net green;
NAZ- 1400 net green;
SPX- 450 GREEN;
NDX- 91 GREEN;

VIX- down 6% and trading 3% below the SMA 10.

TRIN- 1.1 with up volume about 3x the down;

RSI 2 levels as follows:

SPX 89
NAZ 90
NDX 92
RUT 76
DJIA 90
EWA 73
EWC 83
EWZ 88
EEM 87

Not doing much here as I am pretty long and looking to stay that way for now - and all the information this morning said that most folks are now bearish - so that is usually a pretty good tell to stay long - big jobs number tomorrow so that is always a shot either way- but suspecting better than expected and higher markets.