11.14.2006

ANOTHER LOOK


Looks like the BIG CAP stocks are back to their old tricks of trailing the little guys. Noon time finds the DJIA-40, NAZ-7, SPX-4 and the IWM +7 cents. Must be the overhang from the election where folks have finally realized that the dems have swept both Houses.

Sector winners today include retail, GOOG, oil service, homies, fixed income, small caps and semis. Lagging and leading lower are metals, airlines, trannies, biotechs, brokers and banks.

Market internals show about 40 more winners than losers on the NYSE and 500 more losers than winners on the NAZ. The fixed income stocks are no doubt skewing the NYSE.

Jim Cramer out with another favorite speculative stock - He likes NICE:

"One of my favorite speculative names, NICE Systems (NICE), just keeps winning homeland security order after homeland security order. This is an Israeli company that knows this stuff. It is one of my faves.

Position: None"

Do not get NICE confused with ARNA, LVLT or Q, those are his three favorites, this is only one of his favorites. Just ridiculous and a scam on the bubblevision watching public.

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