9.25.2009

MORNING VIEW


Equities are trading in a choppy fashion but look to have an upward bias - as I type- SPX +.5, NAZ -4 and DJIA +19.


Strongest sectors- airlines, gaming, energy, ags, drugs and junk while brokers, tech, internets, homies and real estate lags.


NYSE-flat internals;

NAZ- slighly red;

NDX- 56 GREEN;

SPX- 260 GREEN;


VIX- down a hair at 25.85.


Market feels like it wants to resume its uptrend as it has had a little dip on some disappointing news - and a big hit to some big tech stocks-


Bought some EEM this morning and will look to add if it goes lower-


The dollar looks to be back in the downtrend as it has been moving mouth since 8.30 AM- gold also looking to attack the flat line - and it looks like gold is a buy on this dip- I see no reason why the dollar wont resume its downtrend and drive the price of other assets higher.

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