MOVING ON UP
Markets have turned around and are now trading higher after the SPX touched the 1467 level and very close to the 50% retracement number. The DJIA is now plus 75, NAZ +11 and SPX +6.7.
Strong sectors include metals, biotechs, utilities, oils, semis, drugs and real estate while airlines, brokers and homies lag.
Gold is very close to the important $700 level and has hit on some of the futures markets. Lower rates and lower dollar anyone?
Market internals- 800 net green on the NYSE and 545 net green on the NAZ.
OEX- 75 GREEN led by ABT EK TGT KO MRK ETR HON BUD UTX EXC WY MSFT;
LOSERS- CPB TWX SLB LTD HD ORCL SLE CSCO MO ALL BA;
NDX - 67 GREEN led by SIRI BIIB XMSR GILD CELG TLAB JOYG GENZ AMZN PDCO INFY;
LOSERS- LVLT UAUA LINTA AAPL LAMR ORCL FAST DISH COST CSCO MRVL;
DJIA - 22 WINNERS- led by KO MRK HON UTX MSFT;
LOSERS- HD MO BA AIG GM;
UP Volume now Double Down Volume.
VIX Down 3%;
Other notables:
Biotechs- higher not including AMGN- leaders- BIIB CELG GILD GENZ;
Brokers/Asset managers and Xchanges led lower by BSC ICE LM NYX TROW MER;
Gaming - led higher by WYNN LVS MGM;
Metals- screaming higher led by BHP FCX GDX GG GSS PAAS SSRI;
Oils - generally higher led by APA CAM COP DVN EPL HAL NFX PXD XTO- losers- VLO SLB PWE HP FTO;
Retail- good numbers this morning but not helping much as BBBY COST DECK GES HD KSS LTD UA all lower;
Tech- flipped to green led by AMZN BRCM EBAY INFY INTC MOT MSFT NVDA RIMM TXN;
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home