9.16.2009

THE CLOSE


Market just has one direction for now and its pretty tough to buy at these RSI 2 levels- 100 across the board on major indexes.


Strong sectors today - nat gas, Australia, reits, banks, internets, homies and oil service- laggards were drugs, gaming, semis, ags and biotech.


NYSE- 1940 net winners.

NAZ- 1000 net winners.

NDX- 78 GREEN.

SPX- 407 GREEN.


VIX- up 1% at 23.69 while VXX was down a hair.


Gold crude and nat gas all up on the day while ags were down- as was the dollar-


Market is over bought - and no one knows when the correction will come- it will come - and most will be buying that dip and then selling probably causing a nice correction-

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