Made some lunch money on SSO as I managed to sell the final rip - but a brutal day as the slop was hard to fathom.
Closing numbers - SPX -4, NAZ +3 and DJIA -42.
Strongest sectors- trannies, internets, semis, tech and oil service while banks, homies, ags, junk retail and drugs lagged.
NYSE- 150 net losers;
NAZ- 150 net winners;
SPX 180 GREEN;
NDX- 51 GREEN;
VIX- down 3% at 29;
TRIN- 1.9 with down volume about 2x the up on very light at under 1b shares.
RSI (2) levels as follows:
NDX - 58;
A brutal choppy day - as the markets trade under most support areas except the 875 SPX level which has held for a while and was key support a few months back.
SMA 200 on the SPX at 880;
50 day at 906;
No idea about the action for next week - for now its all about the day trading- for this fish anyway.