Thursday, July 9, 2009

S&P 500 closed above 200 DMA.....

Stock market traded in a narrow range..all indices closing in green.....

S&P 500 closed above 200 DMA.....

Internals were much stronger than close..UP volume were clearly in the lead....advancing stocks also held up better.....

VIX closed @ 29.78 Down 4.86%

AH futures are minor red...

AH Nikkei & Hang Seng UP less than .5%

AH Oil trading @ $60.75 UP .34

Today's trading was on lower volume.....Market is in wait & see mode for next week ER which includes GS,GOOG among others...

In the meantime commodity based trades will give better reward ......

BLOG does NOT give buy or sell.

Saleem

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