5.21.2007

THE OPEN



Markets open mixed with the NAZ/NDX/SPX/RUT/MIDs higher while the DJIA is lower.





Strongest sectors include oils, internets, semis, biotechs and small cap growth.





Worst include brokers, airlines, banks cyclicals and metals.





Key stocks are mixed with ICE ISE NYX WYNN MGM SYK DNA AAPL AMGN SGP AMZN EBAY higher while GS LM MER CME NMX MS BOT MA GOOG lower.





Market internals are green with both the NYSE and NAZ net 300 green.





The IBD 100 is very strong with about 85 up to 15 down led by VCLK NGA MTOX DXPE WNR BIDU BAP and PTI. Lower are BTJ CRDN MTL SYNL WCG UEIC and NILE.





The NDX/OEX/SPX are each about split evenly between gainers and losers.





Big cap winners include VMED AMZN MICDC SIRI MXIM VRSN WMB CPB COP EP S MO and AMGN- Losers- CI MDT AA RF HON CL MER DD SLE ABT MNST INTU LOGI GENZ YHOO and CTSH.



Volatility indexes higher by about 2% which is typical as a whole 5 trading days sit right in front of the screens.

My take, higher as we probably get to the 1,527 level over the next few days- wow a whole 4 points on the SPX level as I type. And never a mention that the all time high on the SPX at 1,552+. I guess its better for ratings at 1,527.

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