3.06.2009

THE CLOSE


Markets closed the day in the middle of the range and I will officially call it - a choppy day - although Dougie Kass seems to think he has been saved for another day with his Monday bottoma call.


NYSE- 800 net losers;

NAZ- flat internals;

NDX/OEX - about 50 green on each;


VIX- down 1.5% at 49.33- and trading near the 10 day SMA;


TRIN- .67 with down volume slightly beating the down;


Crude $45.85+2.25;


Gold $938+4.7;


Nice rally into the close which was probably lots of shorts covering for the big weekend announcements- not sure what folks are expecting but something -


RSI (2) levels near 25 on most major indexes.


Toasted GE from Clusterstock;


VIX +MORE on the VIX;




Its all about the daytrading for now - hopefully it changes soon- but for now happy daytrading to all.

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