NOON RIP

Here we go again - markets ripping higher as the European gang decides that they should save themselves- after all their banks own lots of the Greek debt - so not much of a choice.

SPX +48, NAZ +103 and the DJIA +414-

Best acting sectors include gaming, homies, emerging markets, reits and banks while gold, bonds, drugs, energy service, biotech and consumers lag.

NYSE- 3020 winners with 126 losers;

NAZ- 2436 up and 290 down;

NDX 98 GREEN;

SPX- 488/11;

VIX- down 30% at 28.6 and still above the SMA 10;

UP volume about 26x the down on the NYSE;

TRIN surprisingly at .9;

Looking for a burst higher into late afternoon - so a close at/near the highs.

Buying some EPD as I agree with this fellow.