2.26.2009

THE CLOSE


Equities closed at the lows of the day as weakness on the NAZ/NDX eventually dragged the other indexes down for the ride.


Winning sectors- banks, oils gaming and metals while real estate, biotech, drugs and shipping lagged.


NYSE- 300 net losers;

NAZ- 670 net losers;

NDX -15 GREEN;

OEX- 25 GREEN;


VIX- FLAT at 44.8;


Gold down $7 at $947;


Crude- +$2 at 44.53


SPX hit the top of the channel at/near 780 and turned south from there - the fish did catch a nice trade on QID - but others were losers -


Out tomorrow as we load up the truck and head north-


RSI (2) levels:


SPX 25

NAZ 21

DJIA 26

RUT 21


So maybe a little lower back to 740 lows on the SPX and a boost higher from there after a nother retest. DELL blowing up on earnings and trading near $8- bargain. Sure.

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