6.18.2007

THE CLOSE


Markets ended the day not far from where they began as a very boring session thankfully came to conclusion.


Strongest sectors included oils, metals, tech, semis, internets and banks while reits, utilities, trannies, biotechs and drugs lagged.


Strong stocks included XRX EMC LEH S GOOG AAPL ERIC YHOO GRMN RIMM HDNG MTOX EDU TWIN and FCSX.


Weak stocks inlcuded ATHR NILE TTEC ACH DXPE AEP HON FDX ETR BNI ATI CDNS MNST SEPR CHRW CELG and GENZ.


Market internals closed at/near the flat line on the NYSE/NDX.


The NDX was weak with about 2 issues down for every one up while the OEX was about 45 up to 55 down.


Volatility indexes a hair lower and about 10% under their 10 day SMA's.


Lots of boring action but strength in tech and the NAZ may give us higher markets later in the week in spite of the general over bought market conditions.

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