6.02.2009

CHOPFEST


Morning trading - not so great as its choppy and was already stopped out of QLD long -


Market internals - mixed with 265 green on the SPX and 50/50 on the NDX-


NYSE- a hair to the green side -


VIX- down 2.3% at 29.35;


RSI (2) levels- very overbought and near 95 on most major indexes;


Gold/silver higher as the dollar dips lower;


10 Year note higher with a rate near 3.67%;


Not much of an edge going into the afternoon so just waiting and may play the SSO if the fins get some buying

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