Wednesday, June 24, 2009

2 hours into trading...

AlphaNinja - The markets are up handily, thanks to good results from Oracle(ORCL) last night and positive durable goods orders. Orders are up, but shipments were still down...just sayin'....

Market conviction isn't all that supportive of this rally -->>SPY volume is about 26% of normal even though we're 31% into the trading day...




It's never fun owning stocks that are down when the market has its first good day in a while....not fun for those who own Supervalue(SVU) today.





(Disclosure ->AlphaNinja is short the sp500 = long SDS)

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