5.30.2007

PM LOOK


The markets continue their march higher off the morning gap open as the DJIA is +33, NAZ +4 and SPX +3.5. The MID's are actually the best performer as they are higher by almost .5%.


Strong sectors - real estate, oils, brokers, metals, retail, homies and utilities while semis, drugs, gaming and airlines are lagging.


Strongest stocks include EP AES CAT EMC WMB JOYG BIIB VRSN GRMN SNDK FISV CDWC CNH POT NILE SSYS DECK and LAYN.


Weakest- DXPE PTNR PTI BAP ARGN BWLD CPLA MRK MER INTC ABT GD QCOM MRVL PAYX EXPD LLTC and AMAT.


Market internals have flipped to green on the NYSE with net 420 green and net 260 red on the NAZ.


The NDX shows about 55 up and 45 down while the OEX comes in with 3 up to every 2 lower.


Not much to say except the bull market continues as demand for equities trumps just about everything else. The markets can hardly sell of for a 60 minutes with out the dippers stepping up.


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