THE CLOSE

A brutal day to watch equities as we were stuck in a very tight range for most of the day- However the SPX got a little jiggy late and managed to close higher by 4 while the NAZ jumped 12 and the DJIA +47.

Strong sectors- retail, internets, fins, brokers and reits while metals, gaming, airlines, biotech and energy lagged.

NYSE- 460 net winners;

NAZ- 250 net winners;

SPX - 288 GREEN;

NDX- 51 GREEN;

VIX- FLAT at 18.7 and about 5% under the SMA 10.

SPX way overbought with an RSI 2 reading of 98 - and NFP day tomorrow - so cleaned up the balance of my SSO - all sold out - and waiting probably till next week to reload-

IT CONTINUES

Here we go again- equities are up along with metals and oil- the SPX +7, NAZ +12 and the DJIA +55.

Strongest sectors- metals, emerging markets, energy, homies and gaming while brokers, reits, real estate and drugs lag.

NYSE- 1300 net winners;

NAZ- 700 net winners;

SPX- 390 GREEN;

NDX- 70 GREEN;

VIX- down 3% and about 7% under the SMA 10;

TRIN- .56 with up volume about 5x the down;

RSI- 2 levels still above 95 on major indexes - selling some longs and thinking we pull back some time before summer- letting go of more SSO;

NOON LOOK

Equity markets are higher this morning but haven't moved much in either direction since near the open- the SPX is 6.6, NAZ +15 and the DJIA +42.

Strong sectors- metals, biotech, energy, banks and emerging markets while airlines, ags, retail and trannies lag.

NYSE- 1450 net winners;

NAZ- 900 net winners;

NDX- 68 GREEN;

SPX- 370 GREEN;

VIX- down 2% at 18.85.

TRIN- .85 with up volume about 3x the down.

RSI 2 levels way overbought and I am selling some SSO that I have accumulated over the past few weeks -