THE CLOSE
QQQQ about to hit 50 as the markets were generally higher- the tech sector all over the board - AAPL AMZN GOOG and RIMM ripped higher while SMH AMAT AKAM KLAC and INTC gave back some of the recent gains. Don't tell anyone, but the NDX is now the best performing major market index (+15.6%) as it whizzed past the MID's (+15.1%).
Strong sectors included homies, oils, utilities, brokers, reits, gaming and trannies while airlines, semis and oil service lagged.
Market internals were flat on the NYSE /NAZ/ while the OEX had about 2 up to every 1 down. The NDX about 55/45 up to downs.
Winners included AA WY FDX IP GE COP RIMM PAYX WFMI AMZN AAPL VRSN AMGN BEAS and COST.
Losers- CTXS ERIC LOGI BHI GM S BDK CPA ALY MTL FCSX AMAT MSFT AKAM ICE CME NDAQ.
Volatility indexes back to the 15 level and no signals yet for selling; 2 day RSI over bought on the big cap indexes as they are at/near 90.
Any shot of merger Monday taking us higher yet?
posted by DAVID at
3:59 PM
1 Comments:
The SWC strike will end tomorrow. Watch out!
This is a nice article written by Eric Englund.
Cold fusion, which was once ridiculed, are now picking up more and more attention. Hundreds of scientists are researching it. It defies conventional logic but then the experimental result are none-deniable.
Why it's relevant? Because Cold Fusion must be done using the palladium metal, our metal of the 21st century. If Cold Fusion is successful, then palladium will become priceless!!!
And who is to say cold fusion is not real? A company called D2Fusion is going to release commercial products pretty soon. An average family will be able to use a cold fusion device to heat the house during winter. But it MUST consume palladium to make such a device.
Believe it or not!
Auto makers put tens of billions of dollars into a thing called hydrogen fuel cell vehicles. They spend the money and they used a technology which MUST USE palladium. Are they joking when they inject tens of billions of dollars?
So believe it or not! It's a palladium super bull!
SWC is the ONLY USA palladium producer, and operates the world's highest grade PGM mines. Incredible amount of money can be made in SWC if this palladium bull materializes.
Visit my blog and read discussions on palladium and SWC.
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