THE OPEN
Markets open higher on the heels of some over sold conditions and more merger news as Vitamin Water goes Coke.
Strong sectors include silvers (after being crushed yesterday), oils, real estate, metals,software, defense, tech, small cap growth, semis and trannies; worst include gaming, banks, airlines and brokers.
Key stocks generally higher led by BOT NYX BAM SLG ASN AAPL BIDU GOOG INTC TXN VLO FTO CAM TSO SGP DNA and INFY. Reds include BSC MER C BAC KSS TIF CLX MO MGM LVS WYNN GILD and MRK.
Market internals are very strong on the NYSE and NAZ with a net 1,560 green on the NYSE and 800 net green on the NAZ.
The OEX /NDX show about 80/20 green to red on the OEX and 70/30 on the NDX.
Volatility indexes lower by about 4% in front of the long three day weekend and back down to the mid 13 level and at/near their 10 day SMA's.
A little nervous here as financials/brokers are not participating in this rally and are trading mixed to red.
Strong sectors include silvers (after being crushed yesterday), oils, real estate, metals,software, defense, tech, small cap growth, semis and trannies; worst include gaming, banks, airlines and brokers.
Key stocks generally higher led by BOT NYX BAM SLG ASN AAPL BIDU GOOG INTC TXN VLO FTO CAM TSO SGP DNA and INFY. Reds include BSC MER C BAC KSS TIF CLX MO MGM LVS WYNN GILD and MRK.
Market internals are very strong on the NYSE and NAZ with a net 1,560 green on the NYSE and 800 net green on the NAZ.
The OEX /NDX show about 80/20 green to red on the OEX and 70/30 on the NDX.
Volatility indexes lower by about 4% in front of the long three day weekend and back down to the mid 13 level and at/near their 10 day SMA's.
A little nervous here as financials/brokers are not participating in this rally and are trading mixed to red.
posted by DAVID at
10:26 AM
2 Comments:
All the financials/brokers are at the Hamptons, that's why they are not participating.
Nope- It appears banks/brokers/utilities all not participating as folks now concerned about rates- Ute index now at 20 day lows
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