11.03.2009

MIDDAY LOOK


Equities continue to struggle despite the recent merger activity with the SPX -5.6, NAZ -13 and the DJIA -65 at about 11.50 EST.


Strongest sectors - metals, trannies, gaming, biotech, oil service, homies and airlines while semis, banks, brokers, emerging markets and internets lag.


NYSE- 960 net losers;

NAZ- 725 net losers;

SPX- 135/360;

NDX- 33/66;


VIX- higher by 2% and above 30 and about 18% above the SMA 10.


TRIN- .99 with down volume about 2x the up.


Gold at a new all time high at near $1080.


The dollar up about .46% but off its best levels.


Thinking we may get a decent move off the lows this afternoon and I have picked up some EWZ which has bounced off the SMA 50- so slowly scaling in to more equity exposure.


1 Comments:

Anonymous PENNY STOCK INVESTMENTS said...

Here comes the pitch.

2:24 PM  

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