11.13.2008

THE CLOSE


Hard to believe - markets move way up on the heels of a retest of the recent lows and a crummy earnings report from INTC. The move from -320 on the DJIA to +575 all in just a few hours.


Strong sectors- emerging markets, metals, oils, real estate and shipping while defense, homies and drugs lagged.


NYSE- 1500 net winners;

NAZ- 1300 net winners;


VIX- down 11% at 59;


Heavy volume at 2B shares traded;


RSI (2) mainly in the 65 area;


A difficult market as the lows got bought and markets soared- bottom line pretty difficult for anyone but my guess - shorting will be in vogue before long - like next week.

2 Comments:

Anonymous Anonymous said...

Who is this unhappy women in this picture?

5:10 PM  
Blogger DAVID said...

CANDY 2.5 MEN

8:36 PM  

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