10.05.2007

THE OPENING


The big 110k Job number has gotten the markets a little jiggy as the DJIA is up 70, NAZ +22 and SPX +8. RUT/MID also out performing along with the NAZ.


NYSE internals very bullish with 1530 net gainers;

NAZ also bullish with 1080 net gainers;


Key stocks- GREEN AAPL AMZN BAC BAM BG BIDU C CELG CME COST CROX GE GOOG GS IBB ICE ISRG JPM KLAC MA MGM MO MS MER NYX POT RIMM SMH UA WFC;


Key stocks RED- CELG XOM;


OEX- 82 WINNERS- BIGGEST GREEN- BNI GOOG TYC AXP AA BDK COF NSC ROK GM;

LOSERS- MDT BA BHI EMC SLB DELL HAL EP CMCSA COP BAX;


NDX -75 WINNERS; BIGGEST GREEN -RIMM SHLD ERIC GRMN YHOO LINTA NVDA RYAAY ESRX WFMI SPLS; LOSERS- TLAB PTEN MNST ADSK SNDK LVLT VRSN CELG VRSN EBAY SEPR;


IBD 100- 85 WINNERS - LEADERS-RIMM LFC DRYS SNP TKC WMS BIDU EXM HURN SID;


VIX/VXO lower by 8/9% and heading to oversold territory;


Markets for what ever reason don't want to follow my scenario and pull back before an end of year run to DJIA 15K SPX 1625; I guess still some time before the end of OCT to have a small correction but looks like straight up for now.




1 Comments:

Anonymous Anonymous said...

David,
Could you post the RSI's on the indices at these levels. Thanks.

11:19 AM  

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