1.21.2009

THE CLOSE


Markets closed near the highs as financials and banks led the way- down 20% yesterday and up 20% today- and no that is a losing trade.


NYSE- 1800 net winners;

NAZ- 1400 net winners;

NDX- 85 GREEN;

OEX- 80 GREEN;

VIX- down 18% at/near 46.4- and just like that a hair under the SMA 10;

SPX -RSI (2) - 60 ;

Markets closed the early gap higher and went under DJIA 8K and went straight up from those levels- of course the next areas of resistance - SPX 840 at the 50% retrace between the 741 low and the 945 high.

Also, it was turn around Tuesday - only think it happened on a Wednesday.

1 Comments:

Blogger rick said...

LOL!!

4:20 PM  

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