8.21.2007

MORNING TRADE


Markets continue to gyrate between green and red with the NDX/RUT being the best performers as I type.


Strongest sectors include gaming, internets, software, brokers and retail while homies, trannies, oils and airlines lag.


NYSE/NAZ internals a hair to the red side.


Key stocks- Green WYNN MO LVS CME AAPL CROX DECK BIDU GOOG RIMM MA MI MTB LM; Red- GS LEH MER MS ICE NYX JPM C BEN BAC IBM KLAC SHLD GES COH SPG SYK DNA CTSH INFY IBN.



OEX:


30 UP 70 DOWN;


WINNERS- EMC EK COF ATI CCU HET NSM CMCSA AA TXN.


LOSERS- DELL BDK LEH FDX CSC INTC GM LTD ABT CL T UTX.


NDX:

40 UP 60 DOWN;


WINNERS- VRSN GRMN VRTX WYNN XMSR CHKP RYAAY AMLN EBAY LINTA.


LOSERS- INFY ADSK LOGI ADBE SNDK EXPD MNST SPLS MRVL INTC QCOM.


IBD 100:


Internrals about 50/50.


WINNERS- TBSI BIDU ZUMZ EMC SNDA DK MR GRMN UA WFR WNR.


LOSERS- CNH ICE FSTR GES VIVO OPY VIP GSOL TNE TPX FLIR HURN.


Volatility indexes about unchanged.


The markets can do anything today as nothing good or bad is readily viewable. Down volume starting to over whelm down volume but that can change in a moments notice on a day like this. Probably a day to fade the markets or go to the gym. I may opt for the latter.



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