AFTERNOON LOOK
Boring day in the equity markets today sans the action in HPQ and V - the SPX +3.7, NAZ +10.65 and the DJIA +31.
Strongest sectors- homies, retail, trannies, reits and small caps while nat gas, metals, oil service and biotech lags.
NYSE- 1130 net winners;
NAZ- 560 net winners;
SPX- 366/130;
NDX 66/30;
RUT- 1280/570;
VIX higher by 2.5% at 22.25;
TRIN- 1.17;
Up volume almost double the down on the NYSE;
Gold- down $5 near the $1200 number;
Ten year rate down a hair at 2.82%;
Market internals stronger than the indexes so looking for a pop higher later in the day- anticipating buying some SPY/QQQQ - although probably gonna stay with the Q's;
Nice article in Barrons pumping up V today and sold my HPQ that i bought in the AH market on Friday.
1 Comments:
Nice after noon.
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