2.06.2009

MIDDAY LOOKS


Markets continue higher and are at/near the highs of the day. Biggest index winners include RUT/NDX DJIA in that order.


Strong sectors include banks, homies, ags, gaming retail and telecom while defense, utils, metals and energy lag.


NYSE- 1800 net green;

NAZ- 1040 net green;

NDX/OEX- 85 WINNERS on each;


VIX- lower by 2.5% at/near 42.7;


Volume- fairly light but 8/1 up to down;


Buying pullback continues to be the way to go as tech leads - so ROM dips looking good along with QLD -


My suspicion is the market will run into some trouble next week as we get the sell the news on the bank/ stimulus plans.

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