6.29.2009

THE CLOSE


The markets closed higher and near their best levels on the SPX/DJIA while the NAZ/NDX/RUT lagged big time.


Strongest sectors- ags, banks, telecom, energy and homies while small caps, trannies, metals and oil service lagged.


NYSE- 650 net winners;

NAZ- 250 net losers;

SPX - 360 GREEN;

NDX- 56 GREEN;


VIX- down 2% at 25.29;


Crude higher by $2.3 at $71.45;


Gold down $2 at $937.


Not going to make a big deal about today's trade as it appeared to be end of month/quarter mark ups. Tomorrow is turn around Tuesday and I suspect the bulls wont be as aggressive on the last day of the month. Also some new beginning of the month money coming on and after that I suspect a sell off- for now just day trading and buying dips as the bulls like to defend prices for now.

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