7.24.2008

THE OPEN


Markets are lower on the heels of over bought conditions in all the major indexes.


Strong sectors- internets, metals, oils and ags while homies, gaming, semis, real estate and reits lag.


NYSE- 700 net losers;

NAZ- 435 net losers;

NDX/OEX- 40 out of 200 green;


VIX and TRIN- rising -


Down volume almost 3X up;


Oil moving up - and Cramer now saying on his site that Nat Gas is heading straight for $7 and getting bearish on the whole complex- hmmmm;


If you check the action- the stocks that have been the strongest during this rally are getting hit the hardest- LVS WYNN MGM C MER etc-


And yet again the 38.2 retracement on the SPX at 1292 was at/near the high of this rally;


1 Comments:

Blogger Ronald Rutherford said...

Who is the lady?
Just curious since I did not see her name mentioned anywhere...

Albert Einstein

QMaxx

QMAXX Stock Screener

5:53 PM  

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