6.04.2009

MIDDAY RAMP


Markets are moving on up - seems like just about everything except inverse etf'S as the SPX is +10, NAZ +19 and the DJIA +68.


Strong sectors- energy, real estate, banks, brokers and ags while retail, drugs and telecom lag.


NYSE- 1400 net green;

NAZ- 90 net green;

SPX - 335 GREEN;

NDX- 64 GREEN;


VIX - 30- and down 3% on the day;


Gold and silver each way up today Gold +1.75% and SIL +3.55%;


Crude also way up almost 5% at $69+;


A very good day trading on this end as I bought the dips early and often suspecting a good day to come with all the leading sectors higher led by energy, brokers and banks- and expecting a ramp into the close which probably takes us up another 4 or 5 SPX points.


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