MORNING HIGHS
Equity markets refuse to pull back and are making inter day highs as I type - SPX +5, NAZ +8 and the DJIA +52.
Strongest sectors-nat gas, silver, metals, reits, drugs and consumers while airlines, energy service, internets, gaming and bonds lag.
NYSE- 665 net winners;
NAZ- 130 net winners;
SPX- 340 GREEN;
NDX- 76 GREEN;
VIX- down 1.2% at 16.3- and about 4% below the SMA 10;
TRIN- .65 while up volume is a bit more than double the down;
GOLD higher by $12 at 1163 with a big fat RSI 2 reading of 100.
RSI 2 readings on major indexes between 80 and 90- and the march to SPX 1200 continues in my opinion- Haven't posted much of late as I have been busy with some CPA stuff-
Recent buys include SNY SMH and holding for now ;
1 Comments:
Have a good laugh.
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