Friday, April 09, 2010

Midday Briefing for April 9th: Back in the Range

After making a marginal new high in mid-morning trade, we've returned back into the trading range, returning toward VWAP. Sector performance from the open has been mixed, advancing stocks lead decliners by about 500 issues, but gold and oil have traded off their day's highs. All in all, it's a mixed thematic picture that has helped markets challenge recent highs, but which have not been able to support a trending move to new levels of value.