7.24.2008

MORNING CRUSH


Markets are moving lower along with commodities for the first time in a while as the over bought levels are probably a little too compelling for the recent buyers.


The strongest sectors of late are the biggest losers- homies, real estate and gaming - while retail is very resilient so far in light of the AMZN numbers.


Not sure if its today's work - but first area of support - the 1260 level on the SPX-

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