6.12.2009

OPENING MUSH


Markets are open and trying to shake off the opening blahs- as the DJIA has flipped to green and the SPX flat- The NAZ lagging and down 18.


Strongest sectors- drugs, real estate, banks and brokers while energy, materials, metals, ags and trannies lag.


NYSE- 800 net losers;

NAZ- 900 net losers;

SPX- 175 up and 320 down;

NDX- 18 GREEN;


VIX- flat at 28;


TRIN- .9 with down volume about 1.7x the up on the NYSE;


Gold down more than 1% and crude down 60 cents at $72;


Specific financials continue to do well - such as BAC GS MS JPM and WFC- most other areas down today-


I don't have much of a feel yet as there were some technical issues - not mine but CONED which had power down here till 10.30 am- so just watching for now and hopefully more insight later.


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