8.12.2009

THE OPEN


Markets are up and running and trading like yesterday never happened- the buy the dip folks have showed pretty quickly and we are up 112 on the DJIA 11 on the SPX +27 on the NAZ.


Strongest sectrors include gaming, homies, biotech, oil service and reits while ags, emerging markets, drugs, retail and metals lag.


NYSE- 1300 net green;

NAZ- 1100 net green;

NDX- 94 GREEN;

SPX- 446 GREEN;


VIX- down 1% at 25.7;


TRIN- .45 with up volume about 7x the down.


Looking for some resistance at the 1008/1010 area on the SPX as recent highs kick in for some sellers- other than that - but the pullbacks and sell up there for now.

1 Comments:

Blogger alotstuff said...

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4:36 AM  

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