THE CLOSE

Equities did what they were supposed to do - rally from oversold levels- SPX closed +4, NAZ +11 and DJIA +51.

Strongest sectors - metals, oil service, tech, semis, Australia and Canada while nat gas, gaming, internets, retail and reits lagged.

NYSE- 260 net green;

NAZ- flat internals;

NDX- 60 GREEN;

SPX- 275 GREEN;

TRIN- 1.14 with up and down volume about equal.

VIX- down about 4% and trading a hair over the SMA 10.

Gold about unchanged and the dollar down a bit.

Sold some QQQQ that I bought earlier in the day but holding some for a rally continuation- also owning some GDX and BRF for further upside action-