10.18.2007

AFTERNOON LOOK


Markets have flipped to flat after opening lower with the RUT/NDX/NAZ is again leading the way while the SPX and Value are lagging.


Strongest sectors- Australia, metals, real estate, reits, trannies, drugs and defense while china, internets, airlines, banks, homies and biotechs lag.


Market internals flat on NYSE and NAZ;


IBD 100 - strong with about 65 winners;


NDX/OEX -each with about 50 winners;


Biggest winners- LOGI ISRG LVLT MNST ADBE RIMM BAX BNI IP GM DELL ATI NSC GSOL DSX TBSI ARGN MR LWAY SNHY EXM SLT;


Biggest losers- SNP ACM VDSI LFC EJ CHL MBT SSRX BTJ ALL RF BAC WFC AXP TXN MER C EBAY AMAT CTXS ERIC UAUA LAMR SIAL WYNN ROST KLAC;


VIX/VXO unchanged;


Crude trading over $89 and the market remains a tad over sold in light of the recent dips on the major indexes. I suspect we move higher over the next few sessions since the lousy numbers out of BAC and couldn't get us down I doubt there is much out there that will. GOOG later today probably beats and trades higher dragging the rest of the market with it.

1 Comments:

Anonymous Anonymous said...

GILD good earnings and good pipeline news--it split down 10% now up almost 10 %.Current profit taking in VIVO clearing edges still big Summer.Pete's CY great earnings 2 pt jump-has large stake in Solar co.
Good picture of Joey Bishop passed day tore down Sands in Atlantic City.Rat Pack more Vegas Sands but Guy Adami mentioned it.I was in Vegas same week Franky punched someone at Sands!!! Memory Lane//
ike

7:14 AM  

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