12.18.2008

THE OPEN


Markets are bouncing around near the flat line with the DJIA +10, NAZ +2 and SPX +1.


Strong sectors- homies, drugs and utils while oils, real estate, gaming and semis lag.


NYSE/NAZ - flat internals;

NDX- 50 GREEN;

OEX- 60 GREEN;


VIX- down 5% at 47;


Commodities lower as the $$$$ seems to have a hit a short term support area;


Not expecting much follow through in either direction as most folks have probably folded the trading tent for the week- areas of interest on the long side DGP AAPL GS UYG-

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