THE OPEN
Markets open flat with the NAZ/NDX acting a bit better than the DJIA/SPX group.
Strongest sectors- metals, oils, biotech, brokers and drugs while airlines, homies, retail, ags and gaming lags.
Key stocks- mixed with ISRG CELG C GOOG RIMM NYX higher and POT BG MON CME MSFT NVDA and MGM lower.
NYSE- 230 net green;
NAZ- flat;
NDX- 55 GREEN;
OEX- 53 GREEN;
IBD- 70 GREEN;
VIX- higher by 1.5%
Up volume a bit better than Down;
Financials not leading today and maybe a good omen for the NAZ and tech stocks QLD/QQQQ may be the way to play today on pullbacks.
Market overall still over bought with high RSI (2) readings and a fairly low VIX- so trades for me today are for the day.
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