8.04.2009

MIDDAY CHANCE


Markets are trading near the flat line with the DJIA +19, SPX +2 and the NAZ +2.5-


Strongest sectors include gaming, real estate, homies, banks, biotech and metals while oil service, ags, retail, emerging markets and drugs lag.


NYSE- 700 net green;

NAZ- 400 net green;

NDX- 56 GREEN;

SPX 290 GREEN;


VIX- lower by 2% at 25.12;


TRIN- .68 with up volume more than double down on the NYSE;


Choppy day and this fish is looking to buy before the close for a quick flip as I suspect the bulls get this thing higher and maybe lots higher before the day is over.


Oh and yes markets are over bought - but that hasn't mattered in a very long time.

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