5.20.2008

TECHNICALS- THE SHARK


Technical issues across the board as Verizon FIOS was out all morning so trading here- But an update is as follows:


Down volume 2.5 X Up;


TRIN- 1.22;


VIX- higher by 6.4% to 18.07 and now trading even with the SMA 10;


GOLD - 920;


Crude- 129;


RSI (2) levels:


SPX 20

DJIA 16

NAZ 14

QQQQ 16

RUT 14

MID 29


OIH 94

XLE 96


BKX 7

XLF 6

XBD 10



Not nervous that we are going back to the March lows but not ready to buy yet- but watching and if we dip again tomorrow and the numbers get to buy levels I will probably buy the dip.


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