3.10.2009

THE MIGHTY CLOSE


Markets melted up just about all day with leadership from gaming, financials, brokers, homies and real estate while metals, ags, bonds and utils lagged.


NYSE- 2685 net winners;

NAZ- 1900 net winners;

NDX/OEX- almost all components green;


VIX- lower by 11% and trading about 9% under the SMA 10;


Volume pretty pretty good with almost all to the upside;


TRIN- .48;


RSI (2) levels at near 85 on most major indexes;


Tomorrow will be interesting as markets break away and start heading into resistance at SPX 725 tomorrow - we shall see - day trading the name of game for now -

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