4.03.2009

OPENING LOOK


Markets are lower after the in line jobs numbers- not surprising in light of the recent straight up move in the markets. SPX -5.5 and NAZ -9.


Strong sectors- gaming, energy, utils and junk while biotech, real estate, homies and metals lag.


NYSE- 780 net red;

NAZ- 565 net red;

NDX- 30 GREEN;

OEX- 25 GREEN;


VIX - down 3% at 40.8;


TRIN- .91 with down volume 1.5x the up;


Gold +3 at $906;


Crude down 75 cents at $52;


Expecting a choppy day - and a lower close - next week will start the new action is earnings and guidance starts to hit- I guess most are expecting a sell the lousy news -


RSI 2 levels now at about 73 on SPX;


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