12.16.2008

THE OPEN


Markets are higher as Turn Around Tuesday strikes again with the DJIA +90, NAZ +26 and SPX +12.


Strong sectors- gaming, ags, brokers, intenets and banks while metals, real estate and oil service lags.


NYSE- 1560 net winners;

NAZ- 1200 net winners;

NDX- 90 GREEN;

OEX- 85 GREEN;


VIX- drifing lower- a hair below 56;


Up volume 6X the down;


SPX trying to break through the 883/885 area and stops may trigger on any break above- looking to go long SSO on pul backs as I suspect we may have a nice move higher before the day ends.

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