5.16.2007

CLOSER BUT NARROWER


CNBC et al can squawk all they want about the new all time highs on the DJIA, but the rally is narrowing. Witness the NAZ internals - on a day when the DJIA is +104 and the SPX +13 the NAZ internals close with 1,800 higher and 1,235 lower, hardly great breadth as one would expect at least 2/1 up to down.


The SPX is again just 13 points from the all time closing high and the NAZ about 2,500 points away. I still plan on holding the SPX futures until the target gets tagged- hopefully soon.


Strong sectors included large cap growth, banks, airlines, trannies, gaming, tech, biotech, drugs and software; lower were silvers, metals, real estate and semis.


Key stocks higher of course with the exception of RWX FCE.A SLG BAM LEH BSC CME BOT CAM KLAC TXN AAPL LTD TGT CTSH and EBAY.


Big winners included GS NYX NMX MER MS MA WFC JPM C IBN WYNN BYD MGM BIIB SYK GILD SGP TXT AMZN and YHOO.


IBD 100 winners included CPA TNH SIMO IDSA NTGR ESI and IGLD. Losers- BID USAP RRST FTK TTEC SYNL TSO and PRFT. IBD 100 also with sub par breadth at 3/2 up to down.


As previously mentioned, market internals not so great as the NYSE closes with 840 net green and the NAZ with 530.


The internals on the big indexes much better as the OEX/NDX were both 3/1 up to down while the SPX was 360/140.


Volatility indexes drifted down about 4/5% and the VIX/VXO now trade near the 13.5 level or at/near their respective 10 day SMA's.



2 Comments:

Blogger dong dong23 said...

michael kors outlet clearance
ray ban sunglasses outlet
louis vuitton bags
adidas originals
louis vuitton outlet
coach outlet
vans shoes outlet
gucci handbags
toms shoes
coach factory outlet
true religion jeans
lebron james shoes 2015
louis vuitton outlet
christian louboutin
tory burch outlet
burberry outlet
cheap ray ban sunglasses
pandora jewelry
designer handbags
ed hardy clothing
asics shoes
nike free run 2
christian louboutin shoes
longchamp bags
michael kors outlet
instyler curling iron
ralph lauren outlet
nike air huarache
toms outlet
coach factory outlet
nike air jordan
burberry outlet
ghd hair straighteners
coach outlet store online
cheap jordans
louis vuitton handbags
michael kors purses
coach factory outlet
ray ban sunglasses
louis vuitton outlet stores
20166.3wengdongdong

5:37 AM  
Blogger xjd7410@gmail.com said...

jordan retro
coach factory outlet
cheap jordans
burberry handbags
toms shoes
juicy couture
michael kors outlet online sale
ray ban sunglasses outlet
louis vuitton outlet
coach outlet
michael kors outlet
cartier watches
toms shoes
longchamp bags
michael kors uk
nike nfl jerseys
michael kors handbags
asics shoes
air jordan pas cher
kobe shoes 11
celine handbags
coach factory outlet
michael kors outlet
nike free run
louis vuitton handbags
tory burch outlet
coach outlet store online clearances
nike air force 1
lebron james shoes 13
ralph lauren uk
coach factory outlet
designer handbags
ray ban sunglasses
nike uk
michael kors outlet
marc jacobs
kate spade handbags
jordan 3 infrared
polo ralph lauren
gucci handbags
2016.7.25haungqin

2:16 AM  

Post a Comment

Subscribe to Post Comments [Atom]

<< Home