4.28.2008

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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