THE WYNN
Well I can declare victory and do what Kramer does, (take a little off the table) or suggest one trails the stop. My guess is we continue to move higher as folks conclude its the season to be bullish.
Strongest sectors, China- metals, emerging markets, oils, reits, real estate, internets and tech;
Weak links- airlines, financials, insurance, homies, drugs, defense, biotechs and utils;
Key stocks- 39 out of 40 higher led by WYNN RIMM BIDU DECK VMW GOOG TIF UA AAPL POT and LVS- lone loser- ICE;
NYSE internals- 1230 net green;
NAZ internals- 830 net green;
NDX -77 WINNERS;
OEX -90+ WINNERS;
IBD 100-85 WINNERS;
The WINNERS- BIDZ SNDA BIDU RIMM ABB BPHX CHL BUCY VMW EDU MDT GOOG GM LEH XOM BHI ROST WYNN PCAR DISCA AKAM CTXS JOYG;
The LOSERS- DISH RYAAY MXIM VMED INTU INFY LVLT CPB AIG PEP BA TGT JNJ FMCN GME YGE SLT HMSY TDG VSEC TKC ACO CLB;
VIX down 6% while the 10 Year Bond is back up to 4.11%;
Up volume almost 4X Down volume;
WYNN giving a little gotcha to folks who sold yesterday on the Barrons article by declaring a special $6 dividend. Maybe Wynn knows something Barrons doesn't.
The SPX back at 1,450- previous support now it may prove out to be short term resistance so careful- And this is probably the last post till Monday as I am gone North for the Holiday. And congrats to the folks that bought yesterday's fear as the NDX rips higher.
1 Comments:
Still long with ya. Staying that way into the holiday, unless stopped out. Much easier sailoing so far today, and in the past I've taken winners off too soon after the storm cleared.
Good luck!
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