10.29.2007

THE CLOSE


Markets closed the day higher with the DJIA being the biggest index winner while the RUT/MID and Small Cap Value closed flattish. Oh and Yankee fans waved goodbye to Donnie Baseball.


Strongest sectors included China, emerging markets, metals, gaming, semis, brokers and utils while internets, real estate, reits and biotechs lagged.


Key stocks generally higher led by VMW GRMN WYNN MTW POT LVS GS NYX and COST. Losers included ISRG NVDA UA CAT MSFT JPM and TIF.


NYSE inernals +500;

NAZ internals FLAT;

NDX 60 GREEN;

OEX 65 GREEN;

IBD 100- 70+ GREEN;


Biggest winners- MRVL JNPR GRMNNICH SNDK WYNN JOYG AKAM WY NXY LEH GS EMC EK AA SSRX STP FMCN FSTR VMW FTK TDG SNHY EDU;


Biggest losers- SCHN GPOR TISI GSOL ARGN ANSS ISRG HIG BHI JPM HAL CAT CMCSA TWX HPQ WFC YHOO NVDA NTAP SEPR BIIB;


A pretty decent day for this fish as BAM CNQ EWA GS MGM MS MTW PAAS RIO SSRI and TROW all had nice moves.


Looks like resistance remains in the 1,540 area on the SPX as the markets were again rejected while NDX futures hit their highs in the early morning trade. Probably not much activity tomorrow as all eyes will be on the Wednesday fed announcement.

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