MORNING JIG
Markets are higher on the heels of the oversold condition from yesterday, a "better than expected" jobs number and a hope that the recovery package gets passed this afternoon.
Strong sectors- ags, metals, energy, trannies and semis while gaming, retail, real estate, drugs and tech lags.
NYSE- 1540 net winners;
NAZ- 1000 net winners;
NDX/OEX- 85 WINNERS on each;
VIX- down a mere 5% at 43;
Up volume 4X the down;
Energy is having a nice bounce and a long in DIG maybe a good play while the financials are green they aren't doing as well as one would expect with C JPM USB all red.
Markets are solidly green but just feels like its not going to last that long.
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