Flat close today......

Dow was the only Index to close @ new 09 HIGH.....

Nasdaq & S&P 500 went to 09 high but failed to close in 09 record territory.....

Market internals were pretty much in-line with closing picture.....

VIX closed @ 25.14 UP .52%.....this index is telling me that we are NOT ready to roll over...

OIL closed @ new 09 HIGH.....another index saying that world economy is in much better shape than a famous NYU professor CAN predict......

About "speculative froth in the market".....it is always there..so NOT an indicator of ANYTHING negative....

There is an army of option players who enjoy betting on their ideas...I do not see that as a sign of speculative froth ever......

Markets will do what it needs to do...if that means all $1 stock will take off..so be it.....NOT my style BUT it WORKS......

Every trader/investor has to figure out what goes in their portfolio....as long as they are taking a calculated risk...it is FINE.....

Many stocks "rolled over" which is NOT a good sign????

BUT..we go through these type of action whenever we are ELEVATED......I will use further pullback in strong stocks as "buying opportunity"...which MAY come & go QUICKLY.....so have to be QUICK in execution.....

Following stocks were among green @ close :

AGU,GOOG,FNM,AMD,C,VLO,FSLR,VAR.....

AH Futures are RED....

AH Nikkei Down .87%

AH Oil Down 42 cents

BLOG does NOT give buy or sell.

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