HAPPY EXPIRATION
Markets open higher on the gap from the excellent CPI news but now trade off those highs as the NAZ Futures hit a high of +21 and now trade +11 and the SPX trades +3.5 after being about +7.
Strongest sectors are homies, biotechs, software, airlines, internets, retail and brokers. Lagging are metals, oils, drugs and utilities.
The semis opened higher but have since traded down and are now hardly in the green. I would pay close attention to them and the NAZ Futures as I expect them to lead any slippage.
Market internals are way down from their earlier highs with +600 on NYSE and +630 on NAZ. Keep in mind that the numbers are skewed green by the fixed income equities as the 10 year Bond has now dropped to 4.52%.
Strongest sectors are homies, biotechs, software, airlines, internets, retail and brokers. Lagging are metals, oils, drugs and utilities.
The semis opened higher but have since traded down and are now hardly in the green. I would pay close attention to them and the NAZ Futures as I expect them to lead any slippage.
Market internals are way down from their earlier highs with +600 on NYSE and +630 on NAZ. Keep in mind that the numbers are skewed green by the fixed income equities as the 10 year Bond has now dropped to 4.52%.
posted by DAVID at
10:11 AM
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