9.30.2008

MORNING DOLLARS


Markets open higher with the DJIA +230, NAZ +44 and SPX +30 as I type.


Strong sectors include banks, emerging markets, energy, brokers, ags and large cap value while metals, homies, biotech and small caps.


NYSE- 975 net winners;

NAZ- 200 net winners;

NDX-80 GREEN;

OEX- 85 GREEN;

IBD- 50 GREEN;


VIX- down 10% at near 42;


Up volume 4X the down;


FWIW- interesting how Haines mentioned the imbalance on the close yesterday as the specialists had to come in and loads of stock at the close- wonder how much money they made when they sold this morning?


Anyhow, I still think this rally gets sold later in the day.

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