10.04.2007

DULL AFTERNOON


The markets remain quite a snoozefest as the DJIA/SPX/NDX all trade near the flat line and in a very tight range as traders await the September jobs numbers. Haven't heard much about the uptick rule and added volatility of late as the markets have been in a tight range over the last three weeks. SPX 1549/1507 or 42 point range over the last 12 days.


Strong sectors today include emerging markets, drugs, utils, metals, biotech and drugs while homies, brokers, retail and semis lag.


NYSE internals +470;

NAZ internals +360;

NDX 43 WINNERS;

OEX 50 WINNERS;

IBD 100-57 WINNERS;


Key stocks - GREEN- BAC BAM BIDU C CELG COST CROX GE IBB JPM MA MGM POT RIMM WFC;


Key stocks- RED- AAPL AMZN BG CME GOOG GS ICE ISRG KLAC MS MER SMH UA XOM;


BIGGEST WINNERS- LIFC CF MBT VIP AFSI SHLD LVLT LAMR S RIMM GRMN S TYC CBS NXY ETR TWX MRK;


BIGGEST LOSERS- BDK MER CI F COP LEH LTD DRC CRNT SCHN ACM VSEA PKX BCSI CTRP EXM NIHD KLAC NTAP AKAM ESRX LRCX AMAT UAUA;


VOL indexes unchanged;


Up Volume- EVEN with Down Volume;


Large Cap Value over Growth;


Interesting how the banks are all green and the brokers/xchanges are mostly red;


Metals have flipped to green while bios have been very green all day;


Oils were all red near the open and now mixed as crude has quickly traded over $81;


Retail is ugly again after being higher for a few days- KSS TIF UA GES COH BBBY all lower by about 1%;


Tech mainly lower led down by AAPL AKAM AMAT CSCO GOOG KLAC SNDK;

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home