THE OPEN
Markets have opened slightly lower with some interesting leaders and laggards. Surprisingly, with lower oil the XLE and OIH are both higher; lagging and red right at the open in are the Semis; lower by almost 1%.
Other sector leaders include brokers, small caps and biotech. In addition to the semis, - metals, trannies, drugs, tech and retailers are lower.
Market internals about flat.
Interesting that I saw an upgrade earlier on GOOG and it is lower and most of tech is lower after the NAZ Futures were outperforming in the premarket.
GS continues to act great with the rest of the brokers as it is up another 50 cents this AM to 170.4.
I am a bit leery about today in light of underperforming semis and mark up guys not being allowed to operate on the last day of the month (SEC rule- lol). Another question I keep asking is how many bulls are now long the market and expecting a big ramp and how much ammo is still available to keep it going?
posted by DAVID at
9:50 AM
2 Comments:
So the mark up guys can't markup during the last day of the month, due to sec rule? I never heard that before
Twas a JOKE- but they usually don't cause the SEC WILL CHECK IT OUT IF IT IS TOO OBVIOUS
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