OPENING STUFF
The bull market rolls on as retail sales numbers generally disappoint but WMT does better than expected and is leading the DJIA higher along with GM.
Strong sectors- china, metals, aussies, emerging markets, internets, utils, oil service and homies while airlines, reits, drugs and brokers lag.
Key stocks, about 26 out of 40 are higher led by BIDU POT MA BAM GOOG C COST AAPL LVS and WYNN while NVDA BG MTW CELG CAT DECK and MGM lag.
NYSE internals +1122;
NAZ internals +515;
OEX- 75 WINNERS;
NDX -70 WINNERS;
BIGGEST WINNERS- JOYG ROST EBAY ERIC JAVA NTAP F GM WMT EMC CSC LTD RTN HAL GOOG C SLT SNP MTL CYNO TBSI BHP VIP BBL PCU;
BIGGEST LOSERS- NVDA OMCL AFSI VIVO CMTL PCLN MTW Y ABT BA TGT PEP CAT WFC MCD FAST INFY SNDK CTSH ESRX QCOM LRCX;
Vol indexes- down about 2.5% and still well under the 10 day SMA;
And checking the numbers, aside from the NAZ, which is up about 17% year to date, the MIDCAPS are leading up almost 15% ytd, while the big cap OEX is up only 11%. The DJIA, up almost 14% also now lagging the midcaps. Small Cap growth surprisingly leading Big Cap growth 22% to 16% YTD.
The big Macau gamers, LVS/WYNN have had a big year up about 57% and 69% respectively but trailing MGM, the Vegas strip play, which is up 72% ytd.
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