8.25.2009

MORNING FLIPS


Markets are higher but well off their best levels which were hit at the release of the consumer sentiment numbers- and selling from those highs and we are in the middle of the days range as I type.


Strong sectors - homies, retail, biotech and gaming while semis, energy, drugs and tech lag.


NYSE- 1000 net winners;

NAZ- 400 net winners;

NDX- 70 GREEN;

SPX- 357 GREEN;


RSI 2 levels hanging above 90 on most major indexes.


I suspect we may not hold these gains today as tech/semis/energy are all lagging and they have been the leaders of this rally- just saying.

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home