4.05.2007

MIXED TO UP


A mixed trade for the markets as traders await the long three day weekend and probably expect little in the way of volatility.

Strong sectors include airlines, internets, silver stocks, metals, semis, biotechs, oils, and real estate while brokers, banks, large cap value and defense issues lag.

Key stocks generally mixed with RIMM ICE BOT in the green while CME GS AAPL and GOOG are red.

Big cap winners include NSM AMGN TXN KFT TWX LTD NSC NVDA LINTA MICC and CELG.

Big cap losers, CTSH MNST ATVI QCOM CHRW NTAP AAPL DD VZ ROK S and F.

Market internals are stronger than the indexes with a net 500 green on the combined NAZ/NYSE markets.

The OEX/SPX complex is about evenly split between winners and losers while the NDX is about 3/2 green.

Volatility indexes also unchanged with the VIX/VXO combo trading near the 13 levels.

All of othe oil stocks on my screens have turned green and it looks like these stocks have further to go as the summer driving/hurricane season approaches. Buy the dips when they occur and the EWA is up again and heading near the $27 level.

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home