5.08.2007

THE CLOSE


Markets closed near the flat line with the NDX and the MID's managing to crawl into positive territory.


Strong sectors included trannies, internets, tech, homies, integrated oil and small cap growth. Trailing were silvers, emerging markets, real estate, brokers, biotech, semis and utilities.


Key stocks mainly lower with the brokers and xchanges all red cept for BOT while MA FLA JOE AAPL INTC RIMM CSCO XOM VLO FTO AMZN EBAY DNA and MRK were green.


Market internals were red with the NYSE and NAZ both 600 to the red.


The NDX internals closed with more than 50 stocks in the green while the OEX was 2/1 red to green.


Volatility indexes closed about flat but still above their respective 10 day SMA's.


BAM of course closed up another buck as that stock rarely has a down day.


Johnny from CSCO will be reporting his "beat by a penny" shortly and the tech market will probably take its cue from him tomorrow.


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