Morning update:
Nat gas report drove energy down, including oil. We get a spike to new highs, closing the ES gap at 1292.75. NQ tags 1919, 50% and right at the Aug 25 gap open. COMP 2401 .Oil is trying for a comeback above 118. AD lines have improved and bulls are in charge. However, we are at an important inflection with SPX and bulls will have to hold on to gains to prove their point. VIX and VXN are not making new lows on these new highs.
Nat gas report drove energy down, including oil. We get a spike to new highs, closing the ES gap at 1292.75. NQ tags 1919, 50% and right at the Aug 25 gap open. COMP 2401 .Oil is trying for a comeback above 118. AD lines have improved and bulls are in charge. However, we are at an important inflection with SPX and bulls will have to hold on to gains to prove their point. VIX and VXN are not making new lows on these new highs.
This entry was posted
on Thursday, August 28, 2008 at 8/28/2008 10:46:00 AM.
You can skip to the end and leave a response.
» Post a Comment