10.31.2008

PM TRADE


Markets continue to chop around and hopefully we DO NOT see much volatility into the afternoon. A quiet day would probably be a welcome event for all who watch the screens full time.


Strong sectors- gaming, brokers, trannies, homies and financials while metals, oil service, emerging markets and utils lag.


NYSE- 870 net winners;

NAZ- 950 net winners;

NDX- 50 GREEN;

OEX- 70 GREEN;


VIX- down 3 at 60 and making a slow move down the charts;


Up volume 1.5X the down;


Looking for a choppy afternoon and still long DDM and now long DUG- (short oils) and out of the UYG trade -


More nonevidence of the tightening of the race - from another right leaner;


KAPUT health insurers;


The "eagle" on Sarah;


Here is HOPE for the RED;


And is AZ in play?


Finally, the SMASH;

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