8.26.2009

MORNING CHOP


Markets are flopping around after opening lower - and probably a shot that the bulls keep the upside going into the end of the month.


SPX +1.5, NAZ +3 and the DJIA +17.


Strong sectors- biotech, homies, retail and semis while metals, ags, gaming and energy service lags.


NYSE- flat internals;

NAZ- flat internals;

NDX- 59 GREEN;

SPX- 275 GREEN;


VIX- flat near 25.


TRIN- 1.1 with up and down volume about equal.


Bulls probably going to keep these markets up into Friday and then beginning of the month money duals it out with the witching month of September.


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