3.16.2009

THE MIX


Markets have opened mixed with the banks and fins leading higher and techs/NAZ heading lower. SPX +6 and NAZ -6.


Strongest sectors- financials, banks, utils, shipping and retail while real estate, semis, ags, metals and tech lag.


NYSE- 1200 net winners;

NAZ- 560 net winners;

NDX - 35 GREEN;

OEX- 75 GREEN;

DJIA 21 GREEN;



VIX- flattish at 43;


TRIN- .63 with Up volume 4x the down;


Gold- down $9.5 at $921;


Crude down about $2 at $44.4;


WINNERS- C BAC NSC AVP WY USB WFC AMLN WFMI PETM JOYG CHRW AMGN;


LOSERS- SNDK FAST BIDU LAMR APOL MRVL ORCL DELL S GILD QCOM OXY INTC TXN SGP;


Weird market as the NDX is very weak while the DJIA/SPX hangs in with gains near 1%- I guess it can be a called a stalemate for now-


The Markets are very over bought in the short term with RSI (2) levels well over 95- guessing the gap gets closed and the shorts may win a bit today.

2 Comments:

Anonymous Anonymous said...

Florida #1 seed in the NIT!

What can I say?

Go Gators..... There is always next year.

1:27 PM  
Blogger DAVID said...

GOOD LUCK TO THE SLIMEY CREW

1:56 PM  

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