2.06.2009

OPENING MOVES


Markets open higher on the heels of another horrible jobs number- 595,000 jobs lost in the month of January.


Strong sectors include banks, ags, gaming, telecom and real estate while utils, bonds, energy and drugs lag.


NYSE- 1640 net winners;

NAZ- 1085 net winners;

NDX- 85 GREEN;

OEX- 90 GREEN;


VIX- down 5.5% at 41.3;


TRIN- .5 with Up volume almost 10x the down;


SPX 850 now firmly in the rear view and markets are being led by financials and tech so seems like a buy the dip day - next week some news will be out capital for banks and other government/more government programs- question is if this is now the place to fade next weeks news?

1 Comments:

Anonymous Anonymous said...

When it looks too easy, a sell off is looming. Strictly opening amateur hour.

10:08 AM  

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