Equities are moving higher today as the over sold bounce is upon us- SPX +12.5, NAZ +18 and the DJIA +103.
Strongest sectors- gaming, metals, nat gas, oil service and semis while internets, retail, bonds, ags and homies lag.
NYSE- 1620 net winners;
NAZ- 600 net winners;
SPX- 425 GREEN;
NDX- 80 GREEN;
VIX- lower by about 7% and trading at the SMA 10.
TRIN- .62 with up volume about 6x the down and light overall.
WINNERS- STX NVDA VMED MRVL WYNN FCX RF HAL DOW BHI AA
LOSERS- AMZN GILD CL AEP TGT SLE MMM WCRX APOL CA ATVI NWSA BIIB MYL
RSI 2 levels still with a way to go before they hit over bought territory as most major indexes trade between 50 and 60 on the RSI 2 scale-
The dollar down .25% while gold is ripping higher at $1105- seems like range bound trading in the yellow metal for now.
Bought some MSFT and PEP near the open as they seem pretty good for the short term-