7.11.2007

NOON LOOK


Markets continue higher with the DJIA +56, NAZ +8 and SPX +6 as the VIX/VXO continue to give off excellent signals.


Strong sectors include trannies, drugs, defense, brokers, large cap value and big caps; lagging are metals, reits, semis, airlines and gaming.


IBD 100 winners include SPTN ICE MTL DRYS CNH CENX SNHY and NTGR; the losers SPAN DWSN CAE BWLD FTK and FSTR;


Market internals are green on the NYSE /NAZ and very green on the NDX/OEX- NDX with 75/25 and OEX about 66/33 up to down;


Volatility indexes about 3% lower but still relatively elevated;


Brokers generally higher with MER MS BSC up and GS red; big banks are generally fractionally higher;


Xchanges act great with BOT CME ICE NMX NYX all nicely higher;


Oils a mixed bag with service under performing;


Tech also mixed with HHH XLK AAPL AKAM AMAT AMZN BRCM CSCO CTSH EBAY HPQ IBM MOT MSFT RIMM SNDK higher and SMH GOOG INFY INTC KLAC NVDA TXN YHOO all lower;





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