7.29.2009

OPENING FOOL


Markets open lower but have since flipped to the flat line as the best trade continues to be- buy any dip-


SPX -2, NAZ -5 and DJIA -7.


Strong sectors include retail, banks, biotech, bonds, brokers and drugs while energy, gaming, internets, metals and semis lag.


NYSE- 400 net losers;

NAZ- 550 net losers;

NDX- 42 GREEN;

SPX - 235 GREEN;


TRIN- .8 and down volume a little more than up;


Didn't think the markets would bounce back this fast in light of the overnight action in China- well - folks want to own stocks - bottom line.


BESPOKE with some interesting stats from July 10;




RSI 2 - and more extremes;


Even Madoff can't believe it;


The SHARK collects these;

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