3.10.2009

SELL SIGNALS?


Markets maintaining the midday mojo - as SPX +36 and NAZ +75 yikes - a good day for the bulls - lets see the close?


Strong areas- gaming, financials, brokers, reits and energy- laggards- metals, ags, bonds and utils.


NYSE- 2580 net green;

NAZ- 1855 net green;

NDX/OEX- 95+ GREEN on each;


VIX- down 11% at 44;


Almost all volume is up;


Crude sinking a bit and now in the red at 46.88;


Next area of resistance per Carter at 715 but per the fish at 723/724 (recent highs)-


RSI (2) levels at near 80 on major indexes and the VIX about 9% below the SMA 10 - sell signals starting to appear but probably not today's business.

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home