MORE 1200

Equity markets continue to move higher and the next stop of 1200 looks like it will be here sooner rather than later.

Today the SPX closed at 1,187- up about 9 points while the DJIA under performed - closed up 46 at 10973.

Strongest sectors included gaming, nat gas, semis, reits, real estate and small caps while airlines, bonds, drugs and biotechs lagged.

Market internals were very strong with the NYSE showing 1530 net winners and the NAZ with about 1250 net green.

SPX with 400 green and 96 red;

RSI 2 levels above 90 on most major indexes- while the VIX is a bit under the SMA 10.

Not willing to call a short term top but tomorrow is the turnaround Tuesday - we will see - Longs of late for this fish:

BMY MGM XLE DBC EWA EWC- and looking to buy more stuff on pullbacks-