GOOD + BAD
Markets continue to trade mixed some some bright spots and some crummy ones. The RUT and value stocks continue to lead while the NAZ/Tech aren't doing so well.
Strong sectors include financials, biotech, drugs, brokers and utilities while silvers, metals, airlines, gaming and homies lag.
WINNERS- VRSN VRTX AMLN SPLS GILD NTAP HNZ ALL USB CBS BAC MSFT GMCR SF VSDI VIVO SF LKQX PCLN CNH.
LOSERS- CPL ACH PVG PCR DSX CF LFL ICE LTD COF WMB EK TGT NSM CAT GM WY LEH UAUA ATVI MNST AKAM SNDK AMAT JNPR.
Market internals lousy on the NYSE with 660 more losers than winners while the NAZ internals are flat.
NDX internals about 50/50 between winners and losers while the OEX is much better with 2 up to every 1 down.
IBD 100 crummy with about 30 green and 70 red.
Volatility indexes flattish and VIX trading near 28.
The good -the internals on the OEX - the bad -the internals on the IBD 100 and the action in semis and tech. Curious to see the afternoon action.
posted by DAVID at
12:46 PM
1 Comments:
I am surprised RUT doing best.To me these would be FIRST to bite credit dust.
Gild and VIVO doing great although GILD did not hold 1 point gain had early.
Adami once again picks DOG on Fast Money.Kudlow reeally seemed in a panick--His retired Fed People also were ready to cut rates and definet test for Ben.He may only be on watch a year but He is really being tested no matter who should take the blame.
SDS,SKF still ultra short and king of this market. S&P 1415 supposed support already busted,Byron Wien said 1380 2 days ago,I will stick to 10% 1350 although fast drop end of week could see 1380 with options triple witching and probable inaction on rate cutting.Rate drop would be a sign of weakness but so is looking at news//
ike
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