MORNING BRIEF

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:

SPX 97

DJIA 96

NAZ 98

NDX 98

RUT 98

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.