3.05.2007

OPENING LOOK


Markets are open and the major market indexes are higher with the DJIA +35, the NAZ +2 and the SPX +1.

Strongest sectors are tech, semis, biotech, internets and airlines while the weakest are metals, reits, homies, brokers, oils and utilities.

The DJIA shows 25 up / 5 down - flight to quality; OEX over half green; the SPX and the NDX both about 50/50 up to down.

Overall market internals are weak with a net 1,000 red on the NYSE and 570 net red on the NAZ.

The IBD 100 - about 40 green with WEBX UCTT WFR HURN and DECK leading while HMN EDU PCCC TATIF and VIP acting the worst.

Volatility indexes slightly higher after a burst up at the open and the brokers still acting funky as all are lower with MS acting the worst.

2 Comments:

Anonymous Anonymous said...

who is that in the picture,you use it once in a while, I'm guessing she is an ahlete?

2:02 PM  
Blogger DAVID said...

N- that is Lydia Cheng - a model of the late Robert Mapplethorpe- photo from 1985- a wonderful silver gelatin print - hangs in my living room

2:43 PM  

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