10.12.2009

THE MOOD


Markets off and running again as the SPX is +8 and testing the recent highs, DJIA +59 and NAZ +16.


Strongest sectors- gaming, energy, ags, semis, Brazil, metals and emerging markets while bonds, brokers, real estate and banks lag.


NYSE- 1050 net winners;

NAZ- 700 net winners;

NDX- 84 GREEN;

SPX- 395 GREEN;


TRIN .55 with up volume 4x the down;


Setting up as a buy the dip day as I suspect the bulls and the PM's will not let this market fall very far - going to be pretty easy in light of the holiday-


Flys on the wall include real estate and financials which are trading flattish- if they begin to rollover the rest of the market probably will follow.

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