1.07.2009

MIDDAY LOOK


Markets seem stuck here as they don't go down or up much from these levels- every blip up is sold and vice versa.


Market internals remain very tilted to the red - but they don't seem to be getting worse.


Sector in the green- the drugs while gaming, shipping, semis and metals lag.


VIX- higher by 6.5%;


The market is in an uptrend but the recent rule of weak markets closing at/near the lows may be the one to play today.


RSI (2) already making some moves down as most major indexes trading at/near 30-

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