9.09.2008

OPENING MOVES


Markets are generally higher with the DJIA/NAZ solidly green and the SPX flat -


Strong sectors- telecom, retail, biotech, drugs and tech while metals, ags, steel, oils, shipping and brokers lag.


NYSE- 250 net losers;

NAZ- 460 net winners;

NDX- 70 GREEN;

OEX- 50 GREEN;

IBD- 64 GREEN;


VIX- flat at 22.7 area;


Down volume a bit ahead of up;


Markets not giving me lots of confidence as the breadth on the NYSE continue to be red while the financials aren't participating- note GS and all big banks /brokers trading red.


Also, beginning to feel that if we don't go up near 1290 SPX soon - we are going back down near the 1215 lows from the other day-

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home