Here we go again as it looks like equities just want to go higher very very slowly- no complaints from me although I am expecting sellers to show once we hit the SPX 1200 level-
Presently the SPX +3 at 1197 while the NAZ is +3.5 and the DJIA +22.
Strongest sectors include gaming, airlines, banks, semis and energy while nat gas, biotech, reits and real estate lags.
NYSE- 470 net winners;
NAZ- 300 net winners;
SPX- 275 up and 215 down;
NDX- 53 GREEN;
TRIN- .54 with up volume about 3x the down;
VIX- continues to drip lower and at 15.57 and about 7% under the SMA 10;
Gold up a bit at 1165;
RSI 2 levels on major indexes at/near 90
Looking for sellers to step up later in the day as the 1200 SPX number gets tagged- and then the dipping should begin as hopefully the markets sells down for a few days as the DJIA could not 11k chatters talk begins- Hard to forecast this stuff but giving it a shot-
Added to positions in MSFT BMY and holding SMH as it acts pretty well.
A shame that Tiger didn't win yesterday as he is such a great guy - and why do folks think Phil held on to win- he did pretty pretty well on
the back 9 yesterday -