10.05.2009

PM PLAN


Equity indexes are trading near their highs for the day and stats are looking like they want to close near the highs- wherever that may be.


Strongest sectors- nat gas, gaming, metals, reits, real estate and banks while crude, consumers, tech, drugs and homies lag.


NYSE- 1660 net winners;

NAZ- 1000 net winners;

SPX- 400 GREEN;

NDX- 83 GREEN;


WINNERS- COF WFC DOW MET AA JPM NTAP JOYG STLD WCRX URBN LINTA SHLD;


LOSERS- MSFT VRTX CELG NVDA DTV HANS S CVS CL PG MDT BK KO XRX EXC CPB MRK;


TRIN- .55 with up volume about 7x the down;


VIX- down 4% and trading about 7% above the SMA 10.


Gold getting a bit and trading at 1012 as the dollar starts to sink under the 77 level.


Looking to add to my SSO position on dips as all signals are pointing north and a close near the highs- also looking at adding to DGP as this thing feels like it wants to go to new highs.

1 Comments:

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6:06 PM  

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