9.27.2007

OPENING LOOK


Markets are trading flat with slight outperformance in the Midcap sector. DJIA +1, NAZ +3 and SPX +1.


Strong sectors include metals, oils, semis, real estate, tech and small cap growth while utils, brokers, gaming, biotechs and trannies lag.


Key Green stocks include AAPL AMZN BAM BIDU C COST GOOG GS IBB IBM MS NYX RIMM XOM;


Key Red stocks include BAC C CELG CME CROX GE ICE JPM MGM MO MER WFC;


NYSE internals +800;

NAZ interals +125;

OEX 60 GREEN

NDX 60 GREEN

IBD 100- 60 GREEN


Biggest Winners- JRJC DWSN CMED MTW WHQ LFC GPOR ACM BIDU SNDA NXY COF SLB CPB AVP WMB WY MS WMB TXN DD DISCA INFY SNDK JOYG FAST BEAS RYAAY LOGI TLAB JNPR;


Biggest Losers- SBUX BIIB PAYX WFMI ADSK AKAM CELG VMED BBBY LBTYA GM TYC MER MCD F JPM TGT EXC CI MRK WFC HIG GME MHJ CRNT STP CRNT WNR PRFT CPLA PKX SNHY AFSI CTRP;


VIX down 1% and still about 16% below its 10 day SMA;


Market thought- still expecting a pull back to at least the 1500 level on the SPX and maybe a tad below over the next 7 days and that will probably be a good buying opportunity as I expect the markets to do very well over the last 2.5 months of the year. And I feel just awful for all those Mets fans- what an implosion.