7.14.2009

MIDDAY CHECK


Markets have flipped back to green after filling all kinds of gaps - and the TICKS - very high TICKS in the last few moments which I see some very good traders are fading- my theory - buy the pullbacks today instead of fading the high ticks.


Strong sectors- materials, metals, energy, retail and trannies while telecom, ags, banks, biotech and brokers lag.


NYSE-800 net winners;

NAZ- 200 net green;

SPX 310 green;

NDX - 65 green;


VIX- down 2% at 25.7;


NYSE Volume - up about 2x the down;


Crude and gold up a bit.


Markets have gone straight up the last hour and I am looking for pull backs - SSO QLD- not much more to type- just seems like a buy the dip day to this fish.

1 Comments:

Anonymous JJ said...

Buy the dip day indeed. Just can't have the markets closing down on a day that the owners of the US report blow out earnings. I am surprised we are not having a 9:1 upside follow through day.

3:37 PM  

Post a Comment

Subscribe to Post Comments [Atom]

<< Home