12.29.2008

NON MIDDAY MADNESS


Markets still lower but off their worst levels as the NAZ/RUT lag while SPX/DJIA are doing not quite as poorly.


Strong sectors include metals, oils and corporate bonds while real estate, gaming, internets, homies and brokers lag.


NYSE- 1270 net losers;

NAZ- 1425 net losers;


DJIA- 4 GREEN including CVX HPQ PFE and XOM while GM BAC DIS DD GE MRK lag.


VIX- higher by 6% at 46;


Very low volume with 4X shares lower as higher;


Not much to write except its dripping lower with support at 855 and for now resistance at 865- not going to try longs or shorts here just watching.

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home