7.18.2008

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:

Anonymous Anonymous said...

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...

9:27 AM  

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