8.24.2009

THE CLOSE


Markets closed the day flattish after being way higher earlier- SPX -.5, NAZ -3 and the DJIA +3.


Strong sectors-nat gas, energy, gaming, oil service and ags while banks, retail, semis and metals lagged.


NYSE/NAZ flat internals;

NDX- 35 GREEN;

SPX- 215 GREEN;


VIX- flat at 25.1;


TRIN- .87 with up volume a bit better than down and decent volume at 1.25 b shares traded.


RSI 2 levels way over bought still at 90+ on the major indexes.


Tomorrow is Turnaround Tuesday and just not sure if that means we go higher or lower- I suspect higher as folks probably look at today as a dip.


0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home