12.24.2007

OPENING TRADE


Markets are higher as some new investors put money to work at mother MER at what seems to be lower prices. The DJIA +91, NAZ +15 and SPX +9.5.


Strong sectors include reits, real estate, financials, retail, airlines, insurance and brokers, while emerging markets, gaming, biotech and telecom lag.


Key stocks- about 75% in the green led by MTW POT C GS ISRG CELG AAPL MSFT MER and ICE while GRMN CME UA WYNN and DECK are lower.


IBD100/OEX with the best internals as they both show about 80 out of 100 green while the NDX shows less than 60 green.


VIX -surprisingly up about 2% at 18.8 but still way below the 10 SMA;


Up volume about 3X Down volume;


Looks like the recent winners are the equities folks are reaching for as AGU APC ADM ARD ATW BEAV CF DE DECK DO FSLR JOYG WFR MTW OXY POT RRC STLD SWN SYK TNL and VIP are all on the new high list.

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