7.23.2007

MORE STUFF


So just as I type the bearish view the brokers/ selected tech gets a bid and the internals improve.


Ag sector- AG CNH MON MTW POT green while CAT BG DE continue to sell off;


Banks- mixed bag with C MA MTB STT green while AIB JPM WB red;


Brokers- BEN BSC BX GS LEH LM MER MS NMX NYX TROW all green while CME ICE NDAQ red- note MER hit a high near 95 in Jan and has sold off 15% since;


Biotech - generally red with the exception of yikes AMGN;


Consumers green with exception of MO;


Defense GREEN;


Gaming- GREEN;


Healthcare- green with the exception of DGX/COV/SNY;


Media- DJ continues to drip lower as the deal continues not to happen- I suspect it happens this week as the Bancrofts gather their senses;


Metals - red with the exception of BHP;


Oil service - green with the exception of HP;


Oils - red with the exception of CVX TSO XOM - XTO SU COP CNQ APC look like an area to dip;


Real estate- red as usual in spite of rates under 5%;


Retail- generally green with CROX PVH DECK KSS WFMI out performing;


Tech- generally green with SMH CSCO IBM MSFT NVDA RIMM SNDK TXN good and GOOG EBAY HHH MOT KLAC YHOO all red;


Up volume double down volume on the NYSE while the VXO is now down almost 7% and near its 10 day SMA;


One other thing- its a bull market and keep that on a post it near the screen-



2 Comments:

Blogger Trickyricky said...

This is like musical chairs. I just hope I get a seat before the music stops.

12:54 PM  
Blogger DAVID said...

Yes - tough day as the market is giving off lots of mixed signals

2:17 PM  

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