10.08.2007

CLOSING LULL


Markets close the day lower except for the tech heavy NAZ which closes higher on the heals of some nice moves in GOOG AAPL AMZN and RIMM.


Strongest sectors were gaming (MGM+5.7%, LVS +2.3%), airlines, tech, internets, semis, defense and large cap growth while homies, oil service, metals reits and brokers lagged.


Market internals were weak all day with 1,000 net losers on the NYSE and 470 net red on the NAZ.


NDX with 40 winners and OEX with less than 30 winners.


Biggest gainers- GOOG MCD GD HPQ ORCL CBS CAT AKAM BRCM JAVA GRMN AAPL ISRG RIMM SYMC VSEC EXM NILE DRYS TBSI VDSI SYNA TRMB;


Biggest losers- CRNT DWSN EDU SLT TKC SNP PAY MER S COF LEH F LTD CMCSA LTD TGT WFC WY;


Vol indexes higher by about 3% and still slightly under the 10 day SMA;


Pretty boring day as the only excitement was in tech and gaming. Financials and brokers were very weak from the open and closed near the bottom with BSC -3.75%, LEH -2%, MER-3.33% and MS down more than 1%.


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