CLOSING GREEN
Markets closed mixed with the DJIA higher, the NAZ flat (I think) and the mid caps the best performer +.25%.
Strongest sectors- trannies, oils, brokers, semis, retail, utilities and small cap growth. Laggards- big cap biotech, silvers, drugs, real estate and homies.
Market internals were a net 700 green on the NYSE and NAZ while the OEX/NDX were both a bit over 50/50 to the green. SPX about 320 up and 180 down.
Volatility indexes flat to slightly green and still trading comfortably under the 90% of the 10 day SMA levels.
My trade, the YM, sold at 12,582 (daily resistance), not quite the 12,585 I asked for but close enough as I hung on through the chop and suspected a jig higher as the Brokers / Semis were standouts and the internals were green all day.
Next week, my guess is higher if nothing ugly happens over the weekend (does it ever) as the month/quarter end window dressing / mark ups begin.
Strongest sectors- trannies, oils, brokers, semis, retail, utilities and small cap growth. Laggards- big cap biotech, silvers, drugs, real estate and homies.
Market internals were a net 700 green on the NYSE and NAZ while the OEX/NDX were both a bit over 50/50 to the green. SPX about 320 up and 180 down.
Volatility indexes flat to slightly green and still trading comfortably under the 90% of the 10 day SMA levels.
My trade, the YM, sold at 12,582 (daily resistance), not quite the 12,585 I asked for but close enough as I hung on through the chop and suspected a jig higher as the Brokers / Semis were standouts and the internals were green all day.
Next week, my guess is higher if nothing ugly happens over the weekend (does it ever) as the month/quarter end window dressing / mark ups begin.
posted by DAVID at
5:02 PM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home