9.01.2009

THE OPEN


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;

NDX- 97 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.

1 Comments:

Anonymous Anonymous said...

http://www.huffingtonpost.com/2009/09/01/maria-bartiromo-presses-4_n_274024.html

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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