6.04.2009

THE CLOSE


Markets close near the highs with the SPX +10, NAZ +22 and the DJIA +71.


Strong sectors - banks, brokers, energy, metals and ags while retail, drugs, telecom and biotech lagged.


SPX 350 green;

NDX 63 green;


VIX - down 2.6% at 30.15;


Very good trading day for the fish with nice wins in DIG SSO and QLD - and a nice overnight hold in DBA-


The NAZ/NDX getting a little toppy here with RSI (2) levels near 90 while the SPX not quite as extended with reading at 70-


Tomorrow the jobs numbers and no clue as usual - although which ever way it goes I suspect it gets faded.

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