4.15.2009

BRUTAL TO WATCH


Markets drifting around much of the day and where its ends I have no clue- I guess we should look at this as consolidation and bullish.


Strong sectors- real estate, homies, metals and utils while tech, shipping and retail lags.


NYSE- 485 net green;

NAZ- 275 net green;

NDX - 35 GREEN

OEX- 50 GREEN;


VIX- flat;


Gold and crude near the unchanged line;


Horrible day to watch as the markets drift with no real direction- internals are ok on the NYSE/NAZ but weak on the NDX/OEX- looking for another bounce to the pivot on the TF/ES and then probably dumping my IYF longs.


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