3.13.2009

THEOPEN


Markets moving on up again although not the same velocity as the last few days - but up is up for now- SPX +4 and NAZ +2.


Strong sectors- gaming, fins, drugs, homies and retail while real estates, tech, energy and internets lag.


NYSE- 875 net winners;

NAZ- 500 net winners;

NDX- 60 GREEN;

OEX- 60 GREEN;


VIX - flat at 41;


Gold - higher by $3 at $931 while crude is up 1% at $47.5;


Looking for choppy day and looks like it is delivering and looking for reentry in DUG which is now working- GS also looks good as it probably gets pinned at $100 before long.


RSI (2) levels near 95 and VIX also way down relatively-

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