20 February 2007

Carry That Weight

Markets under a bit of pressure this morning doing it's usual jig of undoing whichever move was made into expiration. The usual suspects...GOOG, GS, MER, NMX all red with AAPL, JPM to the green.

Market internals somewhat mixed with the Nasdaq showing an A/D line of 1027-1785, up/ down volume 2743-2248.
The NYSE weaker with 999-2002 and 836-1606.

Dip buyers ineffective as of yet but I expect a real battle here as last week's Bernanke bounce has yet to be tested.

Still working with MarketDelta and I am very impressed, especially with the tells it is giving on the 5-minute time frame...back with more...jfg.

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