9.04.2009

DA CHOP


Markets are higher this morning with semis and tech leading while ags, real estate, metals and small caps lag.


NYSE- 400 net green;

NAZ- flat internals;

NDX- 84 GREEN;

SPX - 315 GREEN;

DJIA 25 GREEN;


VIX- down 6% and trading bit below the SMA 10;


TRIN- .56 up volume 2.5x the down.


GOLD down a bit after the big move higher the last few days- dollar - perfectly flat while the EURO is down a bit.


RSI 2 levels a bit over bought at 66 on the SPX and 79 on the NDX.


Pisani- who knows all suspects stocks aren't moving higher because too many traders are expecting a double dip-


Expecting a range bound day and may be better off getting on my bike and leaving this trading too others.


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