9.14.2006

THE CLOSE


Markets closed about where they started with chop the most descriptive word for the action.

Airlines, brokers, retailers, SOX, techs were the best performers while oils, metals, trannies, and small caps underperformed.

Market internals improved during the day but never got to green and closed with 1,000 more losers than winners.

Volatility indexes didn't budge much and remain oversold as many including this trader expect lower prices before long. The catalyst is the question and my guess for now is the post expiration action next week.
From there, preannouncements and who knows what but it is always something.

2 Comments:

Anonymous Anonymous said...

Looks like OIH had a dead cat bounce?? You still believe it will go higher?

4:46 PM  
Blogger muckdog said...

Seems like MSFT did a good job keeping the weighted indexes up despite the decliners leading the advancers...

4:51 PM  

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