7.30.2008

OPENING PUSH


Markets are trading higher again with the DJIA +160, NAZ +20 and the SPX +16.


Strong sectors are steels, banks, gaming, brokers and semis while metals and emerging markets lag.


NYSE- 1375 net winners;

NAZ- 930 net winners;

NDX- 75 GREEN;

OEX- 90 GREEN;


VIX- 214 lower by 4.5% and getting a bit oversold;


Up volume about 4X down;


Bulls trying to make a move here and the first target is the recent of 1290- and don't forget its month end - so a few games could be played later in the day.

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