AFTERNOON CHA CHA

That was fun as the markets had something in the last few hours for the longs and the shorts. Currently (meaningless) the DJIA +85, NAZ +21 and SPX +14.





Strong sectors- ags, oils and metals while gaming, real estate, homies and retail lag.





NYSE- 760 net winners;


NAZ- flat internals;





VIX- flattish at 44;





Well the deal has passed and the markets are a tad skeptical as they have given back about 40 on the NAZ and 200+ on the DJIA.





Days like this - if you wish to trade - smaller positions and wider stops- very wide.

Also, check the action in Las Vegas- those companies trading like Vegas going belly up.

Next week the fun begins again and I suspect the markets will rally as they are still way oversold and about 10% below the SMA 10- just have to be quick and long term investing- dead gone dead for now.