12.04.2006

OPENING CHECK


Markets open higher putting the crummy ISM and PMI numbers from last week. The NAZ and the IWM are the leading indexes while the SPX and DJIA trail.

Market internals are very green with +1,000 on the NYSE and +800 on the NDX.

Sector winners include gaming, banks, brokers, internets, metals, tech and small caps. Leading losers include drugs on the heels of the bad PFE news. Oils and oils service also trades lower.

Keep an eye on the thes semis as the SOX and the SMH both turn red after opening higher.

GOOG and GS are green while AAPL is red, so just a heads up and my guess is pullbacks today are to be bought if one plans to daytrade.

I briefly perused the CNBC.COM site and it looked fairly interesting and probably worth a look even though I rarely tune in anymore. Yes its BLOOMBERG OVER CNBC.

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