7.30.2007

THE SNOOZER


Markets continue to trade mixed with lots of gyrations but very little travel in either direction. The best performing major market index is the NDX and the large cap growth index.

The small caps continue to act the worst.


Strongest sectors include metals, semis, banks and defense/aero while oil service, airlines, biotechs, small caps, reits and homies act the worst.


DJ is down $4+ on news from the WSJ that Rupert is unlikely to proceed on the offer based on the current vote count.


Winning stocks include LOGI LVLT GRMN MICC ISRG NSC NSM TXN ATI CL RTN WFC TEX PCR ABB ACH WFR BHP and EDU.


Losers include EK MS EP EXC DELL LEH BIIB WYNN BEAS UAUA SUNW AAPL BX NDAQ NMX MCRI IBM CVX and C.


Market internals have flipped to red with 340 net losers on the NYSE and 600 net losers on the NAZ. The OEX is 55/45 green to red while the NDX is better with about 60 winners.


Volatility indexes lower by 4 or 5% but still way overbought.


Wish there was more xcitement to report but for now I think bulls who sit and wait for higher prices will be nicely rewarded.

4 Comments:

Anonymous Anonymous said...

Dougie Kass is calling your style out (as you have mentioend this has worked for 4 years):

"Buying the dips blindly, which has worked for years, will be a recipe for disaster."

Any thoughts as to a "change" in the markets?

1:43 PM  
Blogger DAVID said...

I don't know if it will continue to work- if not I will go with the flow- Right now I say it hasn't not worked yet- And Dougie- well he has been shorting since QQQQ 25-on and off- not such a great strategy-

2:53 PM  
Blogger dong dong23 said...

coach outlet
coach outlet
hollister clothing
ralph lauren outlet
jordan shoes
true religion
rolex watches
adidas originals
louis vuitton handbags
michael kors handbags
michael kors canada
ray ban sunglasses
kevin durant shoes 8
coach outlet
ralph lauren
true religion
coach outlet
adidas outlet
fake watches
polo ralph lauren
coach factory outlet
michael kors outlet
nike sb
giuseppe zanotti sneakers
polo ralph lauren outlet
michael kors outlet
toms outlet
coach canada
longchamp handbags
jordan 11s
hollister outlet
michael kors outlet
nike roshe run
oakley sunglasses
coach outlet store online
toms shoes
cheap oakley sunglasses
tory burch outlet
michael kors outlet
coach factory outlet
20166.3wengdongdong

5:42 AM  
Blogger xjd7410@gmail.com said...

marc jacobs
jeremy scott shoes
polo ralph lauren outlet
kate spade
louis vuitton outlet
oakley sunglasses
jordan shoes
nike outlet
celine handbags
cheap oakley sunglasses
louis vuitton outlet
nike air max
christian louboutin shoes
coach outlet
jordan 6
oakley sunglasses
fitflops
ralph lauren
gucci bags
ray ban wayfarer
jordans for sale
michael kors outlet clearance
nike roshe flyknit
nike sb shoes
true religion jeans
replica watches
nike air jordan
michael kors outlet online
christian louboutin
kate spade handbags
lebron james shoes 13
true religion jeans
louis vuitton handbags
cheap ray ban sunglasses
louis vuitton bags
christian louboutin shoes
kevin durant shoes 8
michael kors handbags
nike sb
louis vuitton outlet
2016.7.25haungqin

2:21 AM  

Post a Comment

Subscribe to Post Comments [Atom]

<< Home