9.21.2007

THE CLOSE


Markets closed higher but well off the best levels of the day and near the bottom on the DJIA. The NDX/COMPQ were the best performing major index while the MID's were the worst and barely in the green.


Strong sectors included internets, oil service, homies, biotechs and semis while gaming, metals, retail and banks lagged.


NYSE internals +800

NAZ internals +230


OEX 50 WINNERS;

NDX 55 WINNERS;

IBD 100- 75 WINNERS;


VIX lower by 7.5% and in "sell the market" levels;


GREEN STOCKS-EXM DRYS DX. TKC SNP TNE POT SNDA DWSN MT CF RIMM ORCL S ATI LTD GS TXN BMYBHI CI DIS GM DISCA CTSH AMLN APOL YHOO AAPL AMZN;


RED STOCKS- MNST BBBY LAMR RYAAY UAUA LINTA TLAB JAVA SPLS RF AXP TWX SLB HD F USB MER MS CCU COF FDX IBM PRFT CTV ARGN SPEC ZUMZ MORN MA NVT LFL SLB GMCR;


HAR trading again after KKR/GS told them they were pulling out of the deal and only down about 30 points on the day. I will go with KKR/GS as the shrewdest in the deal and not how GS rallied on the news to $210.


Other stuff:


POT +5%

NYX +5%

CELG +2%

TXT +2%

JOYG +2.5%

TSO +3%

SU +2%

BAM +4%

YHOO+3%

RIMM+3%

AAPL+2.75%


OK, still think we get better opportunities to buy next week and that is my strategy for now- not selling but trying to buy lower.


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