WEIRD MARKET STUFF

Markets are offering up one of their stranger days in quite a while as we have these facts:


DJIA lower by 36 or .2%.

NAZ COMPQ lower by 8 or .3%.

NAZ breath slightly green.

NYSE breath red by 350 with a negative skew from the fixed income stuff.

IWM green.

DJIA has 7 stocks higher and 23 stocks lower.

Whoever has this figured out today has my sincere congratulations.

Otherwise, the oil patch is excelling with the OIH back over the $135 level and probably getting set to retest the $140 level next week. Colder weather in the Northeast in November, the reappearance of some geo political tensions after the election and finally my (going out on a limb) prediction of $60 crude before $50 crude.

Sector winners include oils, metals, small caps and semis (barely). The biggest losers include software, brokers, retail, biotechs, drugs and consumers.


And of course to top of our market day, we have all the Volatility indexes lower on the day.