2.09.2009

MORNING DRILL


Markets are mixed but the buyers definitely seem to be out there - buying energy, banks and shipping while metals, retail and real estate seem to be a source of funds.


NYSE- 315 net green;

NAZ- 125 net red;

NDX- 60 GREEN;

OEX- 50 GREEN;


VIX- up 2.5% at 44.5;


TRIN- .59 with up volume 2x the down;


Just back from some dental work and not surprised that the lower open was bought- next area on the SPX worth watching is about 880 and its nice to see that the SMA 50 on the index holds.


Tech- and NDX/NAZ also looking good with the semis and MSH out performing- XLK/ROM also pretty pretty good.

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