THE CLOSE
Markets closed the day mixed with the DJIA +2, NAZ -8 and the SPX +1. The big news is GOOG which is trading up $40+ as I type and lifting the NDX futures to nearly flat on the day.
Strong sectors- brokers, financials, banks, insurance, real estate and oils while ags, gaming, trannies, airlines and drugs lagged.
NYSE- flat internals;
NAZ- 630 net losers;
NDX -35 GREEEN;
OEX-60 GREEN;
IBD -25 GREEN;
VIX- flat on the day;
Up and Down volume nearly equal with a total of 1.2B;
Another light volume day that provided opportunities for the nimble trader on both sides of the trade. SPX - still facing resistance at 1385 with support at/near 1340 so smack in the middle for now.
Strong sectors- brokers, financials, banks, insurance, real estate and oils while ags, gaming, trannies, airlines and drugs lagged.
NYSE- flat internals;
NAZ- 630 net losers;
NDX -35 GREEEN;
OEX-60 GREEN;
IBD -25 GREEN;
VIX- flat on the day;
Up and Down volume nearly equal with a total of 1.2B;
Another light volume day that provided opportunities for the nimble trader on both sides of the trade. SPX - still facing resistance at 1385 with support at/near 1340 so smack in the middle for now.
posted by DAVID at
4:02 PM
1 Comments:
David..do you think the 1385 will offer resistance and we'll experience a decline before taking on the 1400 area?
I'm thinking we could get a small decline from 1385...then a test of 1400 before forming a right shoulder back to 1360's or so....and then a break of 1400's...(not right away of course) :)
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