12.28.2009

MORNING BRIEF


Equity indexes have opened higher but seem to be struggling at these levels as - we are way overbough as witnessed by the following RSI 2 levels:


SPX 97

DJIA 96

NAZ 98

NDX 98

RUT 98


Stronges sectors- energy, reits, real estate, Brazil, internets and retail while bonds, homies, trannies, semis and brokers lag.


NYSE- 600 net winners;

NAZ- flat internals;

SPX- 275 GREEN;

NDX- 55 GREEN;


Gold flat at 1105 while the dollar is down about .25%;


Oil up not quite 1% at $78.7.


All the little junk higher including FNM FRE AIG C and BAC.


This fish looking to buy some pullbacks today - and it appears that QLD is the place - My VALE has ripped off the bottom and will probably scale out of that this morning - other thing that looks interesting at these levels- SILVER.



1 Comments:

Anonymous PENNY STOCK INVESTMENTS said...

Great chart

8:11 PM  

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