6.19.2007

CLOSING NUMBERS


Another boring day bites the dust as the DJIA finishes +23, NAZ flat and SPX +3 while the RUT was +2 and the Mid caps -1.5.


Strong sectors included oil service, airlines, metals, defense, banks and large cap value- lower were internets, semis, brokers, retail and tech.


Key stocks in the green included AIB BAC C JPM MA USB WFC GS LEH ICE GE SNDK TIF CROX LTD PVH WMS IBN SGP and GILD.


In the red were AMGN DNA WYNN INFY BSC MER MS BOT NYX NMX AKAM TXN MSFT INFY and all 4 horseman (GOOG RIMM AAPL AMZN).


BIG winners included CLRK BWLD DWSN SNHY BIDU CPLA PCLN FCSX TWIN EXPE UAUA CSC ATI IBM GS and NTAP.


Market internals were flat on the NDX/OEX and slightly green on the NYSE/NAZ.


Volatility indexes dripped lower and closed down about 5% and trade at/near 15% below their 10 day SMA's screaming SELL.


The 2 day RSI's on most of the major indexes at/near 80/90 and the 10 year Bond rate down to 5.086%.


Other notables:


MA BEN LEH GE TWX OIH DO HP RIG SLB DEL IBM NVDA SNDK PAAS all over bought with 2 day RSI's above 95.


NDAQ NYX CL KMB MCHP SEPR CDNS all way over sold with 2 day RSI readings under 5.


Also another new high on the EWA as it closes up 1.4% at 29 with a 2 day RSI reading at 97 (sell Mortimer sell).



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