11.29.2006

HIGHER OPEN


Markets open strong on the heels of the GDP revision numbers and maybe some end of month performance preassure.

Do not too giddy though as the semis are trading pink in spite of a 1.25% move higher by INTC. So just keep a chart up as semis generally lead.

Strongest sectors include small caps, gaming, drugs, airlines, oils, biotechs and retail. To the downside are metals with the aforementioned semis.

Market internals are very strong with +1,800 on NYSE and +1,150 on the NAZ.

Not for bubblevisions ears but the small caps are outdoing the bigger brethren with a gain of .75% compared to a .5% gain on the SPX and DJIA.

One other area adding strength to the market is the move in the 10 year Bond to under 4.5%

2 Comments:

Anonymous Anonymous said...

man she has a rack

11:43 AM  
Anonymous Anonymous said...

Agreed- Those are some major guns.

4:20 PM  

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