5.29.2007

PM TRADE


Weird day as the major indexes are flat while market internals on the NYSE are 2/1 gainers to losers.


The RUT and the MIDs continue to lead the way with both higher by about .5%.


Strong sectors include real estate, airlines, gaming, trannies, biotech and utilities; leading lower are oils, homies, internets, drugs and metals.


As mentioned, internals are better than the major indexes with the OEX at 55/45 up to down; the NDX about 3/2 up to down and the SPX about 275/225 green to red.


Big winners include EP BUD CL GD AVP FDX CDWC FISV JNPR MRVL QCOM GENZ GSOL EML MTOX PCR and EDU.


Losers- HDNG MTL AFAM STLD CYNO VIP CSC COP LTD AA WB MCD CBS ATI BEAS EXPE AKAM SPLS and MNST.


Volatility indexes up by about 2%.


A guess for the afternoon, another ramp up before a flat close.

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home