NOON SWOON

Equities gapped up this morning and now look to be filling the gap with the NDX turning red and the SPX up about 2 points as I type-

Market internals were opened at the highs with about 100/100 green on the NDX and over 90% green on the SPX - Now less than 50% green on the NDX and about 3/2 green on the SPX - NYSE internals at 640 net green;

Gold getting crushed and down about $23 at $1,235;

Ten year at 3.241% and up on the day;

RSI 2 levels near 95 on most major indexes with the DJIA over stretched the most.

VIX stretched to the downside and about 13% under the SMA 10;

Looking for another bounce before the day ends - but that SMA 50 on the SPX - looks a little difficult to get past in the short term - 1140 area.