Markets closed the day near the lows as a sell off ensued in the final 30 minutes of trading- fears of the GDP number apparently the culprit per CNBC- etal.
The SPX closed higher by 12, NAZ +16.5 and the DJIA +84.
Strong sectors- gaming, reits, oil, banks, metals and emerging markets while biotech, semis, drugs and internets lagged.
NYSE- 1900 net green;
NAZ- 1200 net green;
NDX- 81 GREEN;
SPX- 445 GREEN;
VIX- almost flat at 25.4;
TRIN- the shocker of the day as it closed at 1.78- which of course shows that the volume, which was fairly heavy - was leaning towards declining stocks.
Gold - higher by $4 and crude up a whopping 5% at $66.6.
Note the big moves in DBA/DBC - +2.4% and 3.1%;
RSI 2 levels as follows:
Tomorrow is GDP day and I suspect if the market sells off on the news the dippers will come in and take it back up - SPX 1000 probably shortly as somehow we get magnetized to par -
Also- some interesting developments today:
Manny and Papi on the list;
Rove back in the news;
CNBC viewership - not so good;