10.26.2009

THE MOVE


Markets are trading up as buyers have decided to buy this recent small dip- SPX +9, NAZ +24 and the DJIA +83.


Strongest sectors- gaming, internets, energy, real estate, retail and semis while nat gas, banks, airlines, bonds and brokers lag.


NYSE- 1400 net winners;

NAZ- 1000 net winners;

SPX- 430/70 up to down;

NDX- 90% GREEN;


VIX- 22.25 - flat and 2% above the SMA 10;


RSI 2 levels:


SPX- 60;

NAZ -78;

NDX- 82;

DJIA 63

RUT 54


Small caps continuing to under perform - so watching that chart closely- not buying or selling this morning although if the markets dip down and fill half this gap - I would buy looking for a close at the highs.- the banks making me a bit nervous as they lag big - but will probably take a shot later.



1 Comments:

Anonymous PENNY STOCK INVESTMENTS said...

Throw the ball

2:34 PM  

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