AFTERNOON PEAK
The markets continue to trade in a narrow afternoon range with the SPX close to unchanged, the NAZ down about 6 and the DJIA the worst performer, down 35 on the heels of IBM WMT and CAT underperforming.
The feather in the bulls cap remains the NYSE internals as they continue to trade with more than 800 winners over losers.
Therefore, I expect a good chance (60%) of another ramp into the late afternoon trade.
Sectors doing the best include Oil / metals and financials with the laggards being tech, semis and homies and how bout that 10 year Bond now trading under 5%.
The feather in the bulls cap remains the NYSE internals as they continue to trade with more than 800 winners over losers.
Therefore, I expect a good chance (60%) of another ramp into the late afternoon trade.
Sectors doing the best include Oil / metals and financials with the laggards being tech, semis and homies and how bout that 10 year Bond now trading under 5%.
posted by DAVID at
2:12 PM
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