Friday, May 08, 2009

20090508 1017

DOW 8,476.68 +66.83
NASDAQ 1,718.76 +2.52
SP500 915.02 +7.63
Indices opened higher, went higher, and are fading. Who is buying now instead of a month (and two) ago? Failing higher prices in the morning indicate the late retail investors are buying (buying after most of the rally has happened).

TWM 47.07 -0.93. Started another position at 45.94.

XLF 12.39 +0.27

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