2.26.2009

THE FILL


Markets fill much of that opening gap higher and now which way - the fish is clueless for now but waiting ......


The SPX +6.5 and the NAZ +3 - weakness in NAZ/NDX a bit disconcerting to the bulls.


Strong sectors- banks, gaming, oils and semis while metals, botech and trannies lag.


NYSE- 1140 net green;

NAZ- 550 net green;

OEX- 70 GREEN;

NDX- 50 GREEN;


VIX -43.2 and down 3.35%;


Crude +$1.9 at 44.4;


Gold - down $15 at $938;


SPX stocks definitely over NAZ/ tech/bio stocks - and as I look an entry into DIG may be in offing as it is strong along with CRUDE. SPX 780 probably a short term top area with support at 765 for now.


GS cutting numbers big on SPX and earnings today - similar to the $300 oil call?


And a Bull on GOLD.


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