4.25.2007

13,036 DJIA


So DJIA 13,036 came and went fairly quickly and now we wait to see if it reappears later in the day. I suspect it will as the NYSE/OEX market internals continue to trade bullish while the NAZ/NDX internals are not so good as the semis/MSFT/KLAC trade pinkish.


Strong sectors include trannies, oils, internets, silvers, tech, retail, brokers, utilities and financials while airlines, biotechs and semis trade lower.


Key stocks trade higher led by GS BSC JPM C GOOG AAPL RIMM JNJ UPS AMZN and ITA.

Lower equities include SYK LVS GILD SGP MSFT KLAC BAC MER and CME.


Big winners include AMZN CHRW EXPD MICC TLAB RIMM AA T IBM BHI HIG COF LTD EMC BDK RTN IP and PEP.


Biggest losers include BNI ATI NSC CL PFE GD SLE SUNW CKFR NIHD MNST UAUA SIRI and BIIB.


Market internals are getting worse as I type with the NYSE net green by 940 and the NAZ green by 300. The OEX probably the best "tell" of all has 75 up and 25 down while the NDX has flat internals.


Volatility indexes mainly flat.


The mids/iwm continue to lag but I suspect a ramp into the end of the day and a close near the highs.





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