Markets are trading at their highs of the morning as good news is getting bought again- and thank EBAY for the nice SKYPE news as they sell it out for $2.5B +.

Strongest sectors- gaming, energy, semis, trannies and emerging markets while junk, bonds, real estate and brokers lag.

NYSE- 1400 net green;

NAZ- 1200 net green;

SPX - 420 GREEN;


VIX- flat at 26.

TRIN- 1.09 with up volume about 3x the down - note FNM FRE C AIG all down or flat- SKEWING the TRIN- in light of all their volume.

EURO- higher.

DOLLAR flat.

GOLD +4.

SILVER flat.

CRUDE- +1.25.

NGAS +.02.

RSI 2 levels near 60 on major indexes and markets gave us all a little gift yesterday as the level shrank to 10 on the RSI - usually a good level to buy especially in a strong bull market and that appears to be where we are right now. The Trend is the friend and it is up for now.


Anonymous Anonymous said...


Well if Maria is going to show her true colors, she should at least get the talking points down.

Go Gators

2:17 PM  

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