3.26.2008

A Bounce?


Markets trading lower with the DJIA -120, NAZ -27 and SPX -12.5-


Strong sectors- oils, metals, utils and ags;


Weak sectors- airlines, homies, banks, brokers and gaming;


NYSE- 925 net losers;

NAZ- 850 net losers;

NDX- 15 GREEN;

OEX-25 GREEN;

DJIA- 8/30 GREEN;


OIL- 105+;

GOLD 949;

EURO 1.577;


Markets and especially the NAZ/NDX feel like they want to make a little move higher this afternoon- and I am long QLD (small) in anticipation. Why- GOOG RIMM AAPL BIDU all solidly green.




2 Comments:

Blogger tamworth said...

Great observation..and right on!!

3:11 PM  
Blogger DAVID said...

THANK YOU MUCH

4:13 PM  

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