10.12.2006

SEMI TAKE


Never another down day and it looks like the SMH has gotten a bid after lagging as it is now up over 1% on the day and back to the big $35 resistance level. And yes bubblevision, the best performing major market index is the small cap IWM +1.45%. The big talk DJIA is +.7% so not even close.

And check out the best acting sectors- silver stocks, airlines, AAPL, oils, metals, brokers, retail, semis and biotechs. Laggards include C DNA YHOO HD GOOG WMT and C.

Market internals continue very strong with over 3,000 more winners than losers.

Volatility indexes finally starting to cave a bit with VXO moving solidly below the 11 level.

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