7.21.2008

AFTERNOON TRADE


Markets continue to flop around near the unchanged line with strength in gaming, ags, steel, oils and biotech while brokers, retail, internets, trannies and drugs lag.


NYSE- 900 net winners;

NAZ- 360 net winners;

NDX- 45 GREEN;

OEX- 33 GREEN;


VIX- down 1.5% at 23.7;


Up volume a bit more than down;

GOLD- $962;

CRUDE- $131;

Not a lot to be said about this trading session as the markets are pretty directionless and I have no feel for the close.

Tomorrow- could be turnaround lower Tuesday as some lesser quality financials are due to report- also keep a close watch on crude as it looks like it may have put in a short term bottom near these levels - and that wont be helpful for equities.

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