1.12.2009

THE OPEN


Markets open lower with the DJIA -50, NAZ 10 and SPX 8.


Strong sectors include junk, utils and biotech while gaming, real estate, metals and energy lag.


NYSE- 1100 net losers;

NAZ- 425 net losers;

NDX- 25 GREEN;

OEX- 25 GREEN;


VIX- barely higher at 43.2;


Down volume 5x the up;


The $$$ is strong while gold has slipped under the $825 level- EURO 1.33;


Don' see much in the way of positives for this market except for the over sold conditions- as on five minute charts the markets keep making lower lows.


A bounce later in the day is probably in the cards - and I will probably add to longs shortly.


Tim Knight on advising and trading;


Market Sci - testing the rules;


24/7 on media brands;


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