CLOSING BLAHS
Markets closed higher with the NAZ/NDX outperforming yet again and with the dips and rips most nimble traders could have money on both sides of the trade.
Strongest sectors- China, telecom, tech, defense, semis, reits and drugs while metals, homies, airlines, insurance and ags lagged.
NYSE- 170 net winners;
NAZ- 215 net winners;
NDX- 75 GREEN;
OEX- 52 GREEN;
VIX- down 2.5% and trading about 5.5% below the SMA 10;
Heavier volume today with about an equal amount of up and down;
TRIN -1.23;
In the after markets- AMZN trading near the unchanged line as I type after initially trading way lower on the earnings news.
SPX still under resistance and churning for now - wouldn't be surprised if we can shoot past 1400 next week on more "decent" earnings news.
And how long for CNBC to comprehend that Dennis Kneale offers nothing to viewer that is useful?
posted by DAVID at
4:07 PM
3 Comments:
Well AAPL,SBUX,AMZN all in the red now... bulls boat is too full, everyday talk of bottom is in and break out 1400... old news. Bulls boat is too full and is sinking fast. What earning news next week? All major Financial and Tech company reported already.. Even the big blue GE,JNJ,IBM,DD reported... so whoes going propt up? Bulls need to face the reality, America is nation of debt.. All these revene and GDP is build on credit... IS JUST FART IN THE AIR... When they can not pay back, what GDP, what revenue?
Looks to me like market wants to go higher- EPS etc not going to matter once earnings season is done- then looks higher to this fish.
And how long for CNBC to comprehend that Dennis Kneale offers nothing to viewer that is useful?
You got that right!
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