4.08.2008

The Close


An uneventful trading day as markets sold off on the Fed minutes news but ended the day about where they were when the minutes hit. The DJIA closed -36, NAZ -16 and SPX -7.


Sectors in the green included steels, oils, airlines, defense, utils and defense while semis, homies, banks, real estate and metals lagged.


NYSE- 500 net losers;

NAZ-465 net losers;

NDX-30 GREEN;

OEX-45 GREEN;

IBD- 60 GREEN;


VIX- flat;

Up volume about .6X / Down volume;


Oil unch at $109;

Gold -7 at $919;


Markets are acting fairly well holding the 1360 line on the bad FED mins news. I am holding my SSO long into tomorrow.

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