OPENING NOISE
Markets open flat with the RUT/MID again being the out performers while the big cap DJIA and tech heavy NAZ/NDX lag.
Strongest sectors include homies (despite the crummy sales numbers), gaming (WYNN/LVS/MGM soaring yet again), brokers, reits, banks, emerging markets, retail and trannies while metals, oils, internets and tech lag.
NYSE internals +500
NAZ internals +390
OEX 40 GREEEN;
NDX 35 GREEN;
IBD 100- 50 GREEN;
Key Green stocks- AAPL BAC BAM BG BIDU BSC GOOG GS IBB ICE ISRG JPM LVS MA MGM MO MS MER POT TROW UA WFC; RED- AMZN CELG CME COST CROX GE RIMM XOM NMX;
BIG WINNERS- BIDU LFC PKX AIRM EXM OMCL F EMC BAC COF MS RF AVP MER LAMR WYNN RYAAY SYMC FLEX SHLD;
BIG LOSERS- BIIB GRMN VMED MICC DELL NIHD NVDA RIMM NXY COP CSC XOM CVX EP SLB BHI BBL FLIR CHN LAYN LWAY BHP;
VIX up a whole 1.5%
Up and Down volume about equal.
I will stick with my turnaround Tuesday scenario and look to buy the dip when it looks appropriate- My feeling is lower the next few days as lots of folks have lots of gains to protect off the August lows.
posted by DAVID at
10:16 AM
1 Comments:
MGM was one of the few IBD 100 stocks that was basing nicely last week and that hadn't gotten as extended from its MA as most; looked at it, but the options seemed expensive at the time. I guess now they seem twice as expensive...by the way, Kirk Kerkorian looks older than god right there, lol. What is he, 105?
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