Daily Commentary - Nov 2

By Teresa Appleton
02 November 2009 @ 04:27 am EDT

Friday delivered a blow to the week and closed the day, week and month red across the broader markets (the Dow did hold green on the month by 45 cents).  The volume came in heavy for a distribution day on the NYSE and Nasdaq.  Futures left the heaviest day of the December contract so far this quarter.  Plenty of push on this drop after the low volume lift on Thursday.  The TRIN was as high as 3.83, but closed at 2.58 very bearish.  The VIX lifted to levels we haven't seen since July 8th, closing at 30.69.  Gold closed down $6.60 at $1040.50 and oil down $2.79 to $77.08 a barrel.

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