12.27.2006

CLOSING NUMBERS


Markets closed again at/near their highs with almost every sector closing in the green. The DJIA closed at a new high and the NDX was the worst performer of the major market indexes.

Looking at sectors, gaming, metals, homies, airlines, oils, semis, small caps, retail and brokers led higher while the dollar and AMGN are the standouts that finished lower.

On the SPX, about 420 stocks finished higher and 80 lower with ATI FCX SHW GM IR and APC acting best. The worst stocks on the SPX were BXP CC ODP STJ and THC.

The NDX closed with about 73 up and 27 down with WYNN AKAM LVLT AEOS and PTEN acting best with PETM ESRX ERTS and SIRI acting worst.

The OEX also closed with the 80/20 slant with USB and TWX acting the worst.

Market internals closed with about 1,850 higher on NYSE and 1,265 net green on the NAZ.

Volatility indexes closed way down with the VXO back at the 9.75 lows and the VIX at 10.65.

The SPX closed with a 2 day RSI in the mid 80's and with the VXO/VIX back low but hardly at the key oversold levels, the markets may continue higher the rest of the week.

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