9.14.2009

MORNING CHECKS


Markets opened lower on the heels of weak markets over seas but have been steadily climbing higher from the open. SPX -3, NAZ -4 and DJIA -24.


Strongest sectors- gaming, biotech, drugs, brokers and energy while metals, banks, homies, reits, internets and retail lag.


NYSE- 575 net losers;

NAZ- 500 net losers;

NDX- 45 GREEN;

SPX- 185 GREEN;


VIX- up 3% at 24.9 and at/near the SMA 10.


TRIN- 1.32 with down volume about 2x the up.


RSI 2 levels as follows:


SPX 61;

NDX 80;

DJIA 50;

RUT 67;


Strength in tech and drugs - as the markets shake off the opening weakness- lets see if it closes green - I suspect it does.


0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home