12.29.2008

THE OUTS


Markets are drifting lower on little news with the DJIA -26, NAZ 12 and SPX 4.


Strongest sectors include metals, oils, ags and semis while junk bonds, real estate, gaming, homies and retail lags.


NYSE- 500 net losers;

NAZ- 800 net losers;

NDX- 15 GREEN;

OEX- 25 GREEN;


VIX- flat at 44.6;


Down volume 1.5x the up;


TRIN- 1.06;

Markets are drifting lower and a slow drip down today would not be surprising- Gold moving on up and now approaching $885 while crude is up at the $39 level.
GOOG under $300 RIMM under $40 EURO 1.42 and moving up;

I probably should be somewhere else today I doubt this market moves very much in either direction.

Mangenious out, Crennel out and hard to believe the Lions coach also out- Cowboys- whole team probably out.


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