8.27.2008

NOON MOVE


Markets are marching higher and it looks like the choppy day is turning into a nice trend day higher - but checking the old "tell" stocks- GS lower on the day despite the recent rip in financials and GOOG starting to trade like its a newspaper stock.


NYSE- 1500 net winners;

NAZ- 850 net winners;

NDX- 80 GREEN;

OEX- 80 GREEN;


DJIA- 29 GREEN led by AIG BAC C T BA IBM- only red =PFE;


VIX- lower by 3% and trading under 20- and under the SMA 10 as the merry go round between SPX 1260 and 1310 continues;


Crude and nat gas still higher on the fear of GUSTAV;


EURO 1.467;


Obama still at 61% on intrade and McCain stuck at 38 for what seems like forever;


RSI (2) levels at/near 70 on most major indexes with RUT/MID higher and NDX/NAZ lower - closer to 60;






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