4.12.2007

CLOSING RAMP


Sorry about the lack of posts but some important appointments kept me away from the turret for most of the day. Anyhow, glad I came through with the buy call near the open as that was a good opportunity to dip in a toe.

Strong sectors included biotech, oils, homies, trannies, emerging markets, software, drugs, semis, gaming and tech. Leading lower were airlines, real estate, utilities and financials.

Strong stocks included DXPE ZRD HURN ROCM VCLK CAM CTSH MEDI NSC BNI SLB S DOW and AMGN.

Big losers LTD AES EXC T IP AEP ETR USB RIMM XMSR BBBY TEVA and UAUA.

Volatility indexes down about 5% and back under their 10 day SMA's.

I don't expect much tomorrow but a tight range, however, next week could be interesting if the earnings come in better than expected. New DJIA HIGH maybe.

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