7.16.2007

THE CLOSE


Markets finished mixed with the DJIA higher and all the other major indexes lower. RUT/MIDS/VALUE all ugly on the day as were oils, utilities, metals, retail and brokers while drugs, semis, airlines and trannies finished in the green.


Winners included DISCA UAUA S CHRW FAST GRMN AMAT VZ UTX KO GE NSC NILE SPAN FCSX ATHR TEX MTW ICE and CME.


Losers- AFSI TLVT SYNL BTJ SPEC FTK COP BHI WMB TGT IP TYC RYAAY JNPR VRSN LOW AKAM and SEPR.


Market internals were bearish all day with the NYSE closing with 1,160 more losers than winners while the NAZ closed with a net 970 red.


The NDX/OEX group closed with about 3 down to every 2 up.


Volatility indexes closed up a little with the VIX/VXO tandem trading in the mid 15 level and about par with the 10 day SMA's.


Other price action of note:


Biotech was very ugly along with the oils-


Retail was ugly while tech was mixed with out any out performers on my screens.


Retail lower after a some what bullish column in today's WSJ;


Some low 2 day RSI readings:


LTD 4


PVH 2


TSO 5


DJ 5



0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home