AT THE HIGHS
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There it was - Gary Shilling claims CNBC talking heads are bullish - shocker - and therefore sentiment is positive - let him tell me when they are all bearish-
SPX closed up 30 at 907 and the NAZ +44 at 1764 while the DJIA was up a mere 214 at 9427.
Strongest sectors- banks, fins, shipping, real estate, homies and energy while junk, ags, internets and drugs lagged.
NYSE- 2100 net winners;
NAZ- 1500 net winners;
NDX/OEX-175 GREEN shoots;
VIX- down 2.5% at 34.5;
TRIN- .28 with up volume 20x the down;
Everyone excited with SPX solidly over the 900 level and RSI (2) levels at near 98 on ES NQ YM - so not that much higher it can go- and was there any doubt that this market was going to close at the highs today-
This fish- got long SSO in the final hour and did ok with that- and sold some longs DIG - and keeping it tight on other material longs such as FCX -
Anyone for Turnaround Tuesday?
1 Comments:
Good call on the ramp up to closing.
Go Gators
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