8.21.2009

UP ONLY FOR NOW


Markets are trading green as usual as the homie numbers were bullish and Ben calmly claimed that things are getting better.- Markets kind of told us that a while ago.


Any who - SPX +15, NAZ +26 and the DJIA +135.


Strongest sectors- gaming, homies, energy, real estate and metals while commodities, brokers and internets lagged.


NYSE - 1900 net green;

NAZ- 1300 net green;

NDX - 96 GREEN;

SPX -477


VIX- down 2% at 24.5.


TRIN- .26 with up volume 20x the down.


Gold higher by $12 and silver up 2% at 14.17.


RSI 2 levels above 90 on most major indexes so a pull back probably likely next week - and of late buyers have to be quick or they lose the dip- just the way its been-

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