3.17.2009

AFTERNOON TRADE


Market fooled lots of participants including this fish as we continued higher despite the late day sell off from yesterday.


Strong sectors- homies, oils, retail and gaming while metals, junk and drugs lag.


NYSE- 1050 net winners;

NAZ- 900 net winners;

NDX/OEX- 85 GREEN on each;


VIX- down 3.5% at 42.2;


Up volume 3x the down;


RSI (2) levels near 92 on most major indexes;


Looking for a little sell down this afternoon and we will see from there- if you look at the pivot points this AM - they worked quite well as the break on the SPX above the pivot was a pretty good tell for some higher prices.
SPX 775 looks like a pretty big line in the sand for the bulls and bears -

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home