10.25.2007

THE CLOSE


Markets closed mixed and were very volatile yet again as the SPX had a 23 point range, DJIA 200 and NAZ, the wild one with a mere 54 point range. AIG and WCG were the stories of the day and CME, the stock few follow, almost hit 700. CME IPO'd in 2003 with a price near $40 and I believe the performance has out GOOG'd GOOG but kind of under the radar.


Strongest sectors were utils, oils, emerging markets, metals and gaming while semis, airlines, trannies, homies, brokers and insurance lagged.


Key stocks- primarily lower- leaders VMW GB CME POT ISRG MA MSFT UA WYNN TIF- laggards- NVDA CELG ICE MER RIMM GRMN BAM DECK SMH KLAC;


NYSE internals- 200 net red;

NAZ internals- 500 net red;

OEX 45 WINNERS;

NDX 30 WINNERS;

IBD 100-45 WINNERS;


Big Winners- AKAM MNST ESRX ISRG APOL EMC BDK CI BMY MSFT COP STP FLIR EDU CLB WX CMED;


Big Losers- WCG VDSI BW CELG NVDA CYNO ICE MER CMCSA (yikes) TWX AIG GM COF SLB DELL NIHD SYMC LRCX SNDK RIMM UAUA;


VIX FLAT and stuck at 21, about 5% above the 10 day SMA;


All the recent hot tech stocks in the red including AAPL AMZN BIDU GOOG NVDA and RIMM; recent laggards MOT AKAM MSFT YHOO in the green;


Some interesting stocks on the new High list - MSFT (huh?), CME CVS KO EMC GILD GOOG ISRG MCD MICC NOC STT TROW VMW and YUM; New Low list- EAT C CRAY LIZ MU TUES TWX ZMH.


Rude Crude above $90 and markets try to go higher; markets probably won't go higher till $90 is firmly in the rear view mirror like $50/60/70/80 till the markets ignore it and ramp again; beginning of November?


Potential buy candidates on IBD 20 - CELG NVDA BIIB- all with RSI (2) near 5;

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