2.04.2009

THE OPEN


Markets are strong again this morning led by the NAZ/NDX and tech while the DJIA is weak.


Strong sectors- shipping, energy, homies, semis, ags and banks while gaming, bonds and retail lag.


NYSE- 1130 net winners;

NAZ- 780 net winners;

NDX/OEX - 80 green on each;


VIX- down 3% at 41.75;


Up volume 2.5X the down;


TRIN- 1.04;


GOLD higher by $7;


Markets look good for the bulls as they arent letting the dippers in YET- tech looking good with INTC MSFT GOOG RIMM APPL all very strong.


Gaming horrible yet again as now it looks like MGM LVS WYNN - all with big problems and I suspect many think they wont make it.

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