11.01.2010

HAPPY STARTS


Equities have ramped higher this morning on the heels of good econ news out of China and an up beat ISM number reported at 10.00 AM EST.


SPX +10.6, NAZ +20 and the DJIA +105.


Strongest sectors- gaming, emerging markets, oil service, reits and real estate while metals, bonds, brokers, retail and biotech/drugs lag.


Market internals:


NYSE - 1760 net green;

NDX - 73/25;

SPX 415/80;

RUT 1370/415


VIX down 1% at 21;


Gold down $7 at 1353;


Crude up almost $2 at $83.25.


Equity winners- APOL WYNN PCAR INTC NWSA BHI RTN OXY GILD EMC NSC MSFT;


Equity losers- AVP AMZN TXN WFC ABT USB VRSN FSLR ADSK SPLS FLIR YHOO;


RSI 2 - levels above 90 on most major indexes;


Still expecting a tag of the SPXM 1200 level - and maybe a pullback from there later in the week as Bernancke and others hit the front page- For today buying the pullbacks probably the best strategy.



4 Comments:

Blogger zentrader said...

Why the Farve pic..are you a disenchanted fan as well?

2:15 PM  
Blogger tamworth said...

Well, Favre, and horrrrrible team and all , they still had more yards against a supposed GREAT TEAM AT HOME!! LOL.

The Pats were luckky to win, really.

4:54 PM  
Anonymous QUALITY STOCKS UNDER 5 DOLLARS said...

Nothing like a great game.

7:46 PM  
OpenID jonathanbaker007 said...

The team is doing extremely well at the moment, and i am proud to be Ya llla koto supporter. But i would like to make an appeal to our prayers, please no respect for Pirates in our next two games. I am quite certain that we have a potential in our team to win both games. Make us even more proud boys e lle koto e kgutle le matekwane a yona. To see more info please visit essayswriters.org/buy.

11:56 AM  

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