THE NUMBERS
Markets are set to open near the flat line with the exception of the NAZ/NDX which is being preassured by the GOOG/MSFT reports from yesterday.
RSI (2) levels in sell territory near 90 on most indexes and the VIX heading to oversold area as most VIX/VXO/VXN/VXD- at/near the 5% below the SMA 10 levels.
On the news front:
One group honoring dubya;
BESPOKE on Bear Market territory;
Barron's on XTO;
1 Comments:
Sure feel like a mini new bull market... I was hoping for a sell off this morning to get in, but no, the bull really want you to chase this market, a hallmark of bull market... I'm not saying is a start of new bull market, is just that this run makes you feel like a new bull market... I mean, C ONLY wrote off 7.2 billion... but then again, stupid me, should of expected this, C has been hammered so much already... less then a BK, I think all bad stuff is priced in...
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