6.20.2007

NOON LOOK


Markets are mixed with the SPX taking the biggest loss of the major indexes on the heels of the sell off in the crude patch. The RUT is also acting poorly.


Strong sectors include airlines, retail, internets, semis and brokers while oils, gaming, reits, utilities and biotech lag.


Key stocks that are higher include GS MS LEH ICE CME NYX BOT GE CL AMZN GOOG AKAM INTC TXN CROX and AMGN.


Big winners include QCOM UAUA PCAR HD TGT FDX CL MS BWLD CYNO SPSS DXPE and ICE while big reds include BW SSYS CPLA TSO WNR HOC SLB BHI COP XOM WMB MNST GRMN CELG NIHD and ERTS.


Market internals show a net 540 losers on the NYSE and net 500 red on the NAZ.


The OEX /NDX group is much better with about half up and half down.


Volatility indexes higher but still well under their 10 day SMA's.


Sell candidates include GE MA BEN LEH TWX BHP EWA Y HD LTD IBM

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