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.
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