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Message: Friday Market

Friday Market

posted on Aug 21, 2009 10:53AM

On Pinks - BEHL sp flat. Wasn't there supposed to be some good news out today? Technicals: 15min peaked and crossed into Bearishness, 90min mixed, Daily Bearish with no support from OBV. If there was good news, it is not making sp move in a good way.

Dow still on the move. Up, up, up. Existing home sales and Uncle Ben's comments giving big boost just moments ago. Technicals say investors have strong confidence in the Market. Options expiration week ending. Financials very strong, miners up, energy up (except solar), transports up, restaurants up, recess proofers up... Its all good today.

Energy up with oil and natgas leading the way. Solar lagging.

Have a good Friday and a great weekend. Furlough Friday for me.

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