2.11.2008

MIDDAY CHECK


Markets have flipped to green and a another move higher in the late afternoon would not be surprising.

RUT/MID's lagging while large cap growth /NDX is leading;

Tech, oils, homies, retail and internets are leading while insurance, real estate and biotechs lag.

Market internals near the flat line but looking the best on the NDX and IBD 100.

My trades have been on the long side and the QLD specifically as the tech sector gave a nice clue that dips were for buying.

NYSE volume has also flipped to almost 2/1 green while the VIX is trading near the flat line;

XLF also coming off the bottom and NYX up almost 2%;


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