THE HIGHS
Equities are trading near their highs for the day and close at/near their is probably on tap unless the dollar shoots higher which isn't likely.
Strongest sectors- gaming, metals, reits, real estate and emerging markets while nat gas, bonds, biotech, internets and airlines lag.
NYSE- 2010 net winners;
NAZ- 1000 net winners;
SPX- 468 green;
NDX- 85 green;
VIX- down 2.6% at 23.56 and still way above the lows of 20 from a few weeks ago.
TRIN- .36 with up volume 15x the down and light volume overall.
LVS WYNN BHP AXP RIMM CNQ FCX BAC COF BHI DELL WFC NOV WFC FDX the big winners while KFT GILD AMGN LINTA WCRX GRMN BIIB APOL VRSN SBUX HANS the biggest losers.
Looking for higher prices before the close and tomorrow - TT turnaround Tuesday - markets also very over bought and getting near the recent highs- RSI 2 of 98 on the SPX.
1 Comments:
Theirs always a high to come.
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