OPENING LOOK
Markets open mixed with best acting stocks appearing in the metals, oils, semis, drug and airline sectors. To the downside we find, biotechs, retail and small caps.
Lots of DJIA 12K predictions and yes I will throw my hat in the ring and say we will get there. But like all good prognosticators, I want give you a when.
Market internals are a bit bullish with 950 green on NYSE and 500 green on NAZ. And like most days, just about all the ticks coming well above the zero line and that has been a pretty good "tell" of which way the markets are heading.
GS started the day in the red but has now flipped to green as has MER.
The SMH looks to be leaving the old $35 level of resistance in the rear view mirror as it is knocking on the $36 area with help from INTC and KLAC.
Stocks acting funky include HD AMGN EBAY JPM WMT GE BAC and LEH. Also looks like another day where the small caps will outperform.
Lots of DJIA 12K predictions and yes I will throw my hat in the ring and say we will get there. But like all good prognosticators, I want give you a when.
Market internals are a bit bullish with 950 green on NYSE and 500 green on NAZ. And like most days, just about all the ticks coming well above the zero line and that has been a pretty good "tell" of which way the markets are heading.
GS started the day in the red but has now flipped to green as has MER.
The SMH looks to be leaving the old $35 level of resistance in the rear view mirror as it is knocking on the $36 area with help from INTC and KLAC.
Stocks acting funky include HD AMGN EBAY JPM WMT GE BAC and LEH. Also looks like another day where the small caps will outperform.
posted by DAVID at
9:53 AM
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