2.11.2010

THE JUNK


Equities markets closed near their highs with the NYSE A/D line specifically closing at its best level- with 1650 net winners- SPX +10.36, NAZ +29.5 and the DJIA +106.


Strongest sectors- gaming, metals, emerging markets, semis and energy while brokers, banks, junk and utils lagged.


WINNERS- ATVI WYNN JOYG MRVL NVDA CAT PM XRX NSC FCX HAL;


LOSERS- S EXC MS MET BMY SLE MDT FLIR DISH EXPE XRAY APOL URBN;


VIX- lower by 5%+ and trading a bit under the SMA 10;


SPX - a bit extended in the short term with an RSI 2 level near 80;


Some warning signs on the horizon- the high yield market has been troubling of late with both the HYG and JNK off about 7% from their recent mid January highs - and they were barely green today - when they should have ramped-


1 Comments:

Anonymous PENNY STOCK INVESTMENTS said...

Interesting description

10:09 PM  

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