3.06.2009

MIDDAY SNOOZE


Markets in chop mode as the early strength was sold and the now the weakness is being bought as the SPX is down 1 point and the NAZ -14 after being much lower.


Strong sectors- energy, metals, utils and bio tech while gaming, real estate, brokers and semis lag.


NYSE- 675 net losers;

NAZ- 150 net losers;

OEX - 45 GREEN;

NDX- 33 GREEN;


VIX- flat at 50.3;


TRIN- .65 with up and down volume about even;


Links:


Great charts on the unemployment numbers;


GM on the Brink;


Latest from the auction block;


More gov borrowing;




Going to stick with choppy trading for the balance of the day and looking to be involved with SMN SRS SSO QID DDM.


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