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