8.04.2009

THE CLOSE


Markets closed at/near the highs of the day with DJIA +34, NAZ +3 and the SPX +3.


Strong sectors- gaming, reits, real estate, banks, homies, silver, biotech and fins while oil service, retail, internets and trannies lagged.


SPX - 3/2 GREEN;

NDX - almost 3/2 GREEN;


TRIN- .75 with upside volume about 2x the down.


This market refuses to quit so far and any dip gets bought and usually taken up into the close- Kass with some stat that more stocks are above their 40 day SMA then ever - probably right as there is rarely a down hour.

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