8.02.2006

CLOSING STUFF


Markets close in the middle of the day's range with the NAZ being the best performer of the major market indexes.

Best performing sectors were metals, tech, small caps and biotechs. Losers were internets and if you are in the sector, you have some excellent company as Bill Miller of SPX beating fame, has gotten crushed this year. His Legg Mason fund is down about 10% for the year, but he is still optimistic on internet stocks even though they act like death.

Sell signals generated in the middle of the day were all negated by the close as the markets gave back much of the morning gains. Tomorrow should be interesting with the nat gas and retail comp sales reports.

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