4.27.2009

AFTERNOON SWOON


Markets selling off again as we get an earthquake in Mexico City- the SPX -5.5 and the NAZ -7.


Strongest sectors- drugs, utils and biotech while real estate, gaming, shipping and trannies lag.


NYSE- 950 net losers;

NAZ- 670 net losers;

NDX- 40 GREEN;

OEX- 45 GREEN;


VIX - higher by 5% at 38.6;


TRIN- 1.29 - down volume 2.5X the upg;


Gold down $4 and crude down $2.4 at 49+;


Had a nice trade earlier on the ramp of the QLD up to the R1 level and also sold my DIG and now watching for another potential long trade into the early afternoon.


Real estate acting ugly and lots of twitters long the SRS - see Todd S.


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