7.27.2009

THE CLOSE


Hard to believe that markets closed in the green - small and the SPX is another 3 points closer to the target of 1,000.


Strong sectors- gaming, banks, homies, brokers and real estate- laggards - consumer, retail, internets and energy.


Internals- - a nice flip to green on the SPX with 300 green and 200 red.


Up volume almost double the down.


Tomorrow is probably Turnaround Tuesday- and that dip no doubt gets bought for a rip later in the week.


RSI 2 pretty meaningless in light of market strength - for now just keep buying the dip as all sells become bad.

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