1.18.2008

MORE NOON SWOON


So POTUS speaks and the usual happens, the markets sell off. The DJIA now down 77, NAZ -8 and SPX -14. How now Dow Jones- no idea but my computer has a do not buy sign on the entire keyboard and that isn't coming off for a while.


Strongest sectors- semis, emerging markets, retail, metals and tech - laggards are telecom, oil service, biotech, brokers, financials, internets and ags.


Key stocks actually act well- higher includes NVDA GE ICE TIF WYNN KLAC MCD RIMM NYX lower- UA BAC BG BIDU MS CELG VMW GS;


NYSE- 1250 net losers;

NAZ- 960 net losers;

NDX-50 WINNERS;

OEX-35 WINNERS;

IBD 100- 40 WINNERS;


Sitting on my hands just watching- even though I suspect this may be the last wash out for a while- DJIA 12k ?

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