Markets are way down this morning on the heels of some economic news that was not as good as expected - or maybe because its October - or folks may be looking to lock in some good 2009 gains.

Anyhow, SPX -19, NAZ -50 and DJIA -140.

Sectors losing the least- gold, drugs, brokers and trannies while gaming, airlines, nat gas, metals and semis losing the most.

NYSE- 1950 net losers;

NAZ- 1500 net losers;

NDX- 0 GREEN and 100 RED;



VIX - higher by 8% and trading about 11.5% above the SMA 10.

TRIN- 2.94- with down volume about 17x the up.

RSI 2 levels as follows:

SPX -9.

DJIA -8.

RUT -9.

NAZ -9.

NDX -10.

BKX 11.

XBD 26.

XLF 13.

EEM 19.

EWA 20.

EWC 27.

EWZ 38.

Interesting day just before tomorrow's jobs report - and curious to see if the bulls can grab back the EMA 20 on the SPX at 1047 area- For now looks like a long shot- as weak days tend to close near the lows and this is the weakest day in quite some time.

Also - note the daily support 2 numbers on the SPY near 103.75- probably another bounce area.


Anonymous Anonymous said...

as you always say, trend day down, end at LOD... better buy AH for better price if you are betting the number will surprise to the upside...

3:51 PM  
Blogger DAVID said...

Yup closed at the lows- tomorrow probably up regardless of the emp number

4:12 PM  

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