6.16.2008

THE ROCK


A choppy day comes to an end with the SPX closing flat and the DJIA down 39 while the tech heavy NAZ was up 20.


Leading sectors were gaming, brokers, ags, metals and banks while telecom, insurance, utils, drugs and defense lagged.


NYSE- 640 net winners;

NAZ- 470 net winners;

NDX- 58 GREEN;

OEX- 45 GREEN;

IBD-83 GREEN;


VIX- down 1.5% at 20.88;


TRIN- closed at 1.1 with up volume a bit better than down and another light volume day;


Crude- trading at $134;


Gold- $885;


EURO- 1.547;


Like I said, a choppy day on the major indexes with out major convition either way- And the SPX is looking at overhead resistance at 1370 and the SMA 50 at 1383 or so.


And after 90 holes - the US OPEN is still tied- great stuff.



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