9.15.2009

CLOSING LEVELS


Markets closed higher but there was some selling in the last hour as we did not close at the best levels of the day- SPX +3.25, NAZ +11 and the DJIA +56.


Strong sectors included gaming, metals, crude, ags, silver, homies and real estate while drugs, biotech, brokers and retail lagged.


NYSE- 1200 net winners;

NAZ- 470 net winners;

NDX- 54 GREEN;

SPX 300 GREEN;


VIX- down 2% and over sold at 23.35.


TRIN- meaningless at 1.66 with up volume at 1.5x the down and heavy with 1.5 B shares traded.


Silver up almost 3% at 17+ and gold up a hair at $1009- looks like it could move higher if the dollar continues its downward way- DX was down .32% at 76.715 while the EURO was up at 1.467.


RSI 2 levels well above over bought levels between 95 and 100 on most major indexes.


Looking for a little pullback here as some will insist on profits to pay some bills-

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