11.03.2008

THE CLOSE


A first rate snoozefest as most are awaiting tomorrow's election- the DJIA -5, NAZ+5 and SPX -2.5.


Strong sectors included telecom, shipping, biotech, ags and banks while oils, gaming, real estate and retail lagged.


NYSE- 400 net green;

NAZ- 330 net green;

NDX- 55 GREEN;

OEX- 45 GREEN;


VIX - down 10% at near 54;


Very light volume with up and down about the same;


So a snoozefest as all await the big news tomorrow - so probably another slow day tomorrow too-


Continuing t to watch the UYG as I suspect that will where the action is later in the week- in the mean time rest up for Wednesday.

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