5.09.2008


Markets continue to trade lower with financials flip flopping between green and red unable to sustain a move in either direction. The DJIA is -107, NAZ -8 and SPX -10.


Strongest sectors gaming, retail, small caps and biotech while steel, oil service, ags, and trannies lag.


NYSE- 440 net losers;

NAZ- 440 net losers;

NDX-45 GREEN;

OEX-25 GREEN;

IBD-25 GREEN;


VIX- flat at near 19.6;


Up volume .5X Down;


TRIN- 1.51;


Crude approaching the highs again at 125.5;


Gold- 887;


Markets meandering midday with the oils getting a little bid again as crude moves back higher. Gold also up $6 while the DXC is lower and the EURO back up to 1.546. Financials continue to defy logic as there is really not much of an explanation for their action today. Anyhow - dipped back in for some DIG.

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