4.28.2009

MIDDAY CHOP


Looks like a real chop fest- as markets vacillate between green and red with SPX/DJIA/RUT leading and the NDX/NAZ lagging.


Strongest sectors- real estate, biotech, telecom, brokers and small caps while metals, fins, energy and homies lag.


NYSE- 400 net green;

NAZ -400 net green;

NDX/OEX- half green;


VIX- down 1% at 37.9;


TRIN- 1.53 with a volume slanted to the downside;


Still looking for a ramp to the upside into the close and waiting for a good spot to reload the SSO NAZ lagging and flipping to the SPOOOZ.


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