3.27.2008

The Open


Markets about the opposite of yesterday as the big cap techs including AAPL BIDU GOOG INTC MSFT RIMM YHOO ORCL all trading red- in addition BAC JPM MTB USB V WB WFC BEN GS LEH LM MER MS and TROW also red - so buy at your own risk.


NYSE- flat inernals;

NAZ- 500 net losers;

NDX- 25 GREEN;

OEX- 35 GREEN;

IBD - 40 GREEN;


VIX- down 2.5% - not a good sign;


Up volume almost half Down Volume;


Oil and Gold trading near the flat line;


Big ugly red bars on the financials with LEH seeing the worst of the selling down 8%- so could be rumors flying yet again.


Strong sectors- utils, oils, drugs and internets with brokers, metals and banks tanks.

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