BACK TO IT

Equities opened up lower but have made a nice comeback led by the NAZ/NDX - SPX -4.8, NAZ -5 and DJIA -55- the DJIA has been leading of late but not today.

Markets in a nice uptrend as witnessed by the simple chart above - and above all significant moving averages.

Strongest sectors- gaming, ags, real estate, bonds, semis, reits and banks while metals, energy, emerging markets, trannies and defense lags.

Internals:

NYSE- 1100 net losers;

NDX- 35/64;

SPX 140/350;

RUT- 560/1200;

TRIN- .8;

VIX 19.5 and up about 3%;

Ten year bond- up a hair with rates down at 2.378%;

Gold down $6 at 1349 while silver is down 13 cents at 23.18;

Winners- SBUX CTXS QGEN WYNN CHKP LRCX LLTC AVP AXP GE AA BAC QCOM MS;

Losers- VZ SLB NSC OXHY FDX FAST EXPE ERTS URBN MICC JOYG BHP CNQ DIS WMT;

Markets have bounced since the typing began with the NAZ going green and the SPX down less than 2 points- expecting the dippers to buy and a nice rally into the end of year with dips being quickly bought -