10.23.2008

MIDDAY VIBES


Looks like that rally in equities happened a bit early and gave the trend traders a nice entry to short the markets. And not how ugly the RUT trades!!! Seems to be on a direct flight to zero.


Strong sectors include telecom, utils and drugs while gaming, homies, real estate and retail bring up the rear.


NYSE- 1220 net losers;

NAZ- 1325 net losers;

NDX- 10 GREEN;

OEX- 30 GREEN;

DJIA - 7 GREEN;


VIX- flat at 69;


Down volume about 4X the up;


My guess for now is we bounce around the flat line and probably close higher as the bulls probably give it one more go.



1 Comments:

Anonymous Anonymous said...

Your call for a positive close was extremely prescient. I have new respect for you.

8:52 PM  

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