12.26.2008

THE OPEN


Markets open higher led by the DJIA +65, NAZ +1 and SPX +4.


Strong sectors include oils, utils, internets, telecom and metals while junk bonds, real estate, semis and gaming lags.


NYSE- 725 net winners;

NAZ- 320 net winners;

NDX- 35 GREEN;

OEX- 75 GREEN;


VIX- down 1% at/near 43.6;


Up volume more than 2X the down;


Not much happening and it could be a big snoozefest- not seeing much to trade as tech and financials are flat while commodities move higher. Probably a good day to stay on the sidelines.


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