2.20.2007

CLOSING BELL


Markets had another nice day assuming you had the right cap. Yes, small (+1%), and mid(+.7%) as the SPX/DJIA lagged again with gains near the .25% area.

Strongest sectors were gaming, small caps, retail, brokers, small cap value, retis, trannies, defense, biotech, airlines, internets and banks.- Leading lower were oils, metals and drugs.

Market internals closed strong with a net of 770 green on NYSE and 930 on the NAZ.

SPX had about 350 green; NDX with about 75 and OEX about 63.

Biggest gainers inlcuded GS ICE NYX MS RIMM BIDU WMT AVP TGT XMSR SIRI JOYG ERTS and VRTX. Besides the oils, big cap laggards included BUD GM UTX VZ AMGN LRCX HRB BIIB FCX and ODP.

Volatility indexes were all closed higher despite the generally upward move in stocks.

HPQ seems to have beat but the stock is trading down in after hours. Yeah, probably back to sell the earnings news. And the volume for whatever reason seems to be light with a number under 1.4B.

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