7.05.2007

THE CLOSE


Markets closed with the tech heavy NAZ/NDX higher while the DJIA was lower with the SPX unchanged.


Strong sectors included reits, real estate, gaming, metals, airlines, retail and tech while brokers, banks, trannies and large cap value lagged.


Big winners included UAUA ERTS AAPL ESRX GOOG IP ORCL HON IBM BTJ MTL GES RIMM CPA and BHP.


Big losers- WBD ACH SYNA DWSN SNP WFR LFL GM AXP GS JOYG PTEN CHRW ATVI and MICC.


Volatility indexes were higher and are trading near the 10 day SMA.


Note the 2 day RSI numbers on the DJIA - 79, SPX 93, NDX 99, NAZ 97, RUT 89, MID 93- so some sell signals as some of the "tech heavy" indexes are over bought.


Other readings worth noting:


BRK.A 99


MO 96


ITA 99


MGM 97


CVC 99


LCAPA 99


BHP 99


HON 99


SLG 96


UA 98


AAPL 96


CSCO 100


GOOG 96


UAUA 100


Low readings:


AMGN 3


IACI 2


PTEN 3




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