9.14.2010

MARKET TIDBITS


Equities are trading higher along with bonds gold and the EURO- interesting day as the risk trade looks to be on -


The SPX is trading about 5 points below the magic 1130 level which everyone is looking at as the top of the range in this range bound market. EWA/EWC out performing and up about 1% for the day.


Strong sectors- metals, retail, semis, drugs and tech while nat gas, banks, brokers, homies and gaming lags.


VIX- flat near the 21 level;


Gold has broken out to $1,275 and is at all time highs;


Ten year rate moving down and yielding a big 2.68%- TLT +.6%;


RSI 2 levels at/near 97 on most major indexes - so with the over bought levels and the top of the range in the here and now -and with financials and energy lagging - probably time to take stuff off or sell some calls / buy some puts -

1 Comments:

Anonymous QUALITY STOCKS UNDER 5 DOLLARS said...

A little news about the market is better than none.

7:43 PM  

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