10.24.2006

MIXED OPEN


Markets open mixed with the DJIA leading the way on an initial spurt to a new high. The index has since pulled back but my screen tells indicate it won't be long before they are right back at the highs.

Market internals are mixed with slightly more losers than winners and sector acting best include internets, semis, cyclicals and retail. Losers include metals, drugs, banks, brokers and trannies.

Stock wise, AMGN INTC OIH GS YHOO BBY KLAC all acting well with JPM GOOG KSS AAPL and MSFT in the dog house.