Equity indexes have opened higher but seem to be struggling at these levels as - we are way overbough as witnessed by the following RSI 2 levels:
Stronges sectors- energy, reits, real estate, Brazil, internets and retail while bonds, homies, trannies, semis and brokers lag.
NYSE- 600 net winners;
NAZ- flat internals;
SPX- 275 GREEN;
NDX- 55 GREEN;
Gold flat at 1105 while the dollar is down about .25%;
Oil up not quite 1% at $78.7.
All the little junk higher including FNM FRE AIG C and BAC.
This fish looking to buy some pullbacks today - and it appears that QLD is the place - My VALE has ripped off the bottom and will probably scale out of that this morning - other thing that looks interesting at these levels- SILVER.