11.01.2006

OPENING LOOK

Markets open higher with the NAZ leading the way again followed by Big Caps.

Metals are again the leading sector followed by trannies, brokers and drugs. To the downside, retail, oil service and consumers.

Market internals are solidly bullish on the NYSE with about 870 more winners than losers. A bit more even on the NAZ with 200 more winners than losers.

The oil inventory numbers come out at 10:30 EST, so watch the reaction in the 0il patch.

GS is acting well again this morning as the price crosses over the $191 level and probably on the way to the $200 mark.

MRK MSFT HQP C DD the best performers on the DJIA while the worst of the group includes AA T JNJ AIG although none of the losers are down more than .5%.

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home