3.09.2009

THE OPEN


Market indexes have flipped to green and have been steadily moving higher after the futures were way down- HOWEVER- internals not so good.


Strong sectors- banks, energy, gaming, shipping, internets and retail while metals, bonds and utils lag.


NYSE- 245 net green;

NAZ- 400 net green;

OEX - 70 GREEN;

NDX- 90 GREEN;


VIX- down 1.5% at 48.55;


TRIN- .34 up volume 3x the down;


Gold lower by $13 at $927.


The real story - Crude - higher by 6% at $48+;


Market internals on OEX/NDX very very good while on NYSE/NAZ not so great and barely above break even. Anyhow, looking to go long and the etf's I want today is DIG/QLD.


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