9.21.2009

OPENING CLUES


Markets have opened lower but are well off their worst levels led by the NQ which is trying to make it back to the flat level.


Currently the DJIA -66, NAZ -7 and the SPX -7.


Strongest sectors- airlines, drugs, biotech, consumers and junk bonds while metals, emerging markets, homies, oil service, real estate and internets.


NYSE- 1700 net losers;

NAZ- 800 net losers;

NDX- 38 GREEN;

SPX- 87 GREEN;


Gold - down $8 at 1k;

Dollar - up about .5% and holding equities under pressure.


RSI 2- varies and as follows:


SPX 32

NDX 61

COMPX 49

DJIA 35

RUT 39


So for the dippers - its dipping - and a move back up this afternoon shouldn't shock anyone-

And a real shame the cowboys didn't win last nite-

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