2.05.2007

CLOSING NUMBERS


In one of more boring days in quite some time, the markets closed near where they started with the DJIA finishing +8, NAZ -5 and SPX -1.

There was some nice action in CTSH, an Indian BPO, which closed up $7 to the $93 area and was the biggest % winner on the NDX. Other big winners included AKAM AMLN RIMM KLAC WY HPQ DELL CSCO and NYT.

The biggest loser category included SLM STT SUN CC GOOG NBR VRTX FLEX MSFT and EP.

Strongest sectors included gaming (LVS earnings after the close), silver stuff, utilities, semis, defense, metals, emerging markets and large cap value- To the downside were airlines, homies, biotech, trannies, internets, small caps with small cap growth acting worst then value.

Market internals were slightly bearish with 370 net red on the NYSE and 440 net red on the NAZ.

The SPX had about 220 winners; while the NDX and OEX were pretty evenly split between winners and losers.

The brokers and the banks closed in the red with ICE being the sole broker/exchange that I follow that closed green. GS, which has been leading the rally from day one continues to act poorly while GOOG (-14) seems to also be getting hit with its share of selling.

Volatility indexes drifted up with the VXO +2% and VIX+5%. No buy signals but I am curious about tomorrow as I anticipate turn around Tuesday (lower).

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