Thursday, January 24, 2008

Stabilize?

Market looking to stabilize today and filter through some of the workout data being tossed around. Yesterday's volatility caused several order entry problems at some operations. Strength of the buy side indicators in Sp500 were strong all day with NQ100 showing little and ultimately dragged along for the ride. Buy side strength is SP500 is moderate this am. Yesterday's top of value in Sp500 was around 1318 and a test would seem likely.