Equities have ramped higher this morning on the heels of good econ news out of China and an up beat ISM number reported at 10.00 AM EST.
SPX +10.6, NAZ +20 and the DJIA +105.
Strongest sectors- gaming, emerging markets, oil service, reits and real estate while metals, bonds, brokers, retail and biotech/drugs lag.
NYSE - 1760 net green;
NDX - 73/25;
VIX down 1% at 21;
Gold down $7 at 1353;
Crude up almost $2 at $83.25.
Equity winners- APOL WYNN PCAR INTC NWSA BHI RTN OXY GILD EMC NSC MSFT;
Equity losers- AVP AMZN TXN WFC ABT USB VRSN FSLR ADSK SPLS FLIR YHOO;
RSI 2 - levels above 90 on most major indexes;
Still expecting a tag of the SPXM 1200 level - and maybe a pullback from there later in the week as Bernancke and others hit the front page- For today buying the pullbacks probably the best strategy.