2.09.2009

THE CLOSE


Markets closed near the unchanged line with the SPX +1 and the NAZ flat.


Strong sectors included shipping, banks, real estate and internets while metals, homies, utils and retail lagged.


NYSE- 270 net winners;

NAZ- 265 net losers;

NDX- 50 GREEN;

OEX- 40 GREEN;


VIX- flat at 43.65;
WINNERS- BIDU FMCN FWLT WYNN MICC LEAP VRSN GE BAC RF EMC MMM MS USB COF NOV;
LOSERS- NYX PEP TWX KO F ETR CL BAX DOW FLEX VRTX ERTS STLD JNPR SYMC AMAT ALTR;


Gold down $16 at $896 and I added to my position;


Up volume a hair better than down on light numbers;


Markets are a bit over bought at these levels and we should get the report from the Treasury Secy tomorrow and dont be surprised it its the sell the news -


RSI (2) levels-


SPX -93;

NAZ- 96

NDX -96

RUT 75

MID 88


VIX- trading at/near the SMA 10- so no big signals there-

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