8.13.2009

THE CLOSE


The bulls continue to tease the bears as an early afternoon selloff was bought and the markets closed at the highs.


SPX +7, NAZ +11 and the DJIA +37.


Strong sectors - gaming, metals, silver, banks, semis and fins while nat gas, ags, homies and drugs lagged.


NYSE- 900 net green;

NAZ- 150 net green;

NDX- 63 GREEN;

SPX 317 GREEN;


VIX - down 3% at 24.7;


TRIN- .63 with up volume 3x the down and very light overall at 800m shs traded.


RSI 2 heading north again and trading at 78 on the SPX and 80 on the NDX.


Probably an even lighter day tomorrow so maybe a day to be spent somewhere other than in front of the screens.


RSOX down by 2 in the bottom of the 9th and facing Tigers closer and down goes Ortiz- 2 more to go ----

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