6.05.2009

LATE MORNING TRADE


Markets are trading mixed with the SPX flat, NAZ -4 and the DJIA +28.


Strongest sectors include internets, junk, trannies and telecom while metals, biotech, semis, commodities and drugs lag.


NYSE 150 net gainers;

NAZ- 300 net losers;

SPX - 210 GREEN;

NDX- 33 GREEN;


VIX - down a hair at 29.65;


Gold down $24, Crude flattish, natty gas up a hair- silver crushed and down 3% +;


Dollar up 1.5% while the 10 year note is at 3.82%;


Not much of an edge for the balance of the day as the markets gyrate near the flat line- I am done for the day having bought some DBC for a longer term trade and will look to buy more on weakness-


The dollar decline is probably not done and neither is the rise in crude/commodities- and leaving for the beach shortly -


0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home