6.25.2008

PRE FED


DIG is gone with a nice profit as I suspect the afternoon session will be a bit volatile and trying to get it right will not be easy.


Currently the DJIA +53, NAZ +35 and the SPX +11.


NDX/OEX internals still hanging tough with 170 out of 200 in the green;


NYSE/NAZ also good with 2200+ net winners;


VIX down 6% and heading to over sold territory;


Up volume still 3X down volume;


TRIN- .81;


Retail, semis, homies and financials still leading the way while oils metals and ags still lag;


SPX 1325 also hanging as market resistance but lots can/will change at 2:15.


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