9.30.2009

THE CLOSE


A wacky day for equities as they were up down back up and back down - all on the last day of the month /quarter.


The SPX closed -3.5, NAZ -1.5 and the DJIA -30.


Strongest sectors- crude, metals, ags, semis, tech and brokers while gaming, homies, small caps, retail and real estate lagged.


NYSE- 530 net losers;

NAZ- 800 net losers;

NDX- 50 GREEN;

SPX- 142 GREEN;


WINNERS- NKE C AMZN SLE COF CSCO AVP NVDA BRCM VRSN SYMC WCRX ISRG and AMZN;


LOSERS- STLD WYNN CMCSA AKAM BIIB BIDU RF F UNH JPM MA XRX BBNI SLB;


Gold up 15 at 1008 while the dollar fell a bit more than .5% at 76.91- EURUSD a bit higher at 1.464.


RSI 2 levels:


SPX 42

NAZ 53

DJIA 33

RUT 29

BKX 48

XBD 72

DBA 98

DBC 87

EWA 92

EWC 84

EWZ 94

EEM 86


Interesting how much better the country etf's are doing than the SPX and the US etf's- and I will look to buy more on dips -


Maybe we get some new money into equities before long- which could drive demand and prices higher- yeah I suspect we will - as I am not looking for a horrendous October.


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