Markets rallied but couldn't close green as the SPX was down 9 at 770 and the NAZ at 1441 down about 2.

Strong sectors - real estate, metals, telecom, internets and semis while shipping, defense, energy and utils lagged.

NYSE- 1575 net losers;

NAZ- 1170 net losers;

VIX- higher by 5% at 49.45 and about 8% above the SMA 10;

GOLD up $20 at $994.

Should be an interesting weekend but if nothing good happens I expect a sell off on Monday and a retest of today's lows.

RSI (2) levels on most major indexes near 1 except the NDX which is at 25 - so yest that long NDX short DJIA has worked very very well.

RUT very ugly and if the rally comes that will probably be the best place to be.


Blogger muckdog said...


12:10 AM  

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