1.30.2008

THE OPEN


Markets open lower on the heels of a worst then expected GDP number and a better than expected number from ADP on jobs. The DJIA is -55, NAZ -9 and SPX -7 as I type.


Strongest sectors- brokers and airlines while homies, internets, emerging markets and drugs lag.


Key stocks - 6 winners out of 40- GREEN- UA MCD CELG PG BIDU GOOG- losers- ISRG TIF DECK ICE POT MER LVS MTW WYNN NYX;


NYSE- 850 net losers;

NAZ- 450 net losers;

IBD 100- 12 WINNERS

OEX-25 WINNERS;

NDX-35 WINNERS;


WINNERS- FLEX CHRW ERTS ESRX FMCN DIS MCD GD XRX CSC FMCN RRC SXE MICC HUM NOK BUCY NDAQ BRK.A;


VIX- near the flat line 27.65;


Down Vol 3X Up Vol;


TRIN- 1.45;


Not sure what is coming out of brokers to put em in the GREEN as GS LEH LM MER MS BSC are all red- ETFC up 9% or 39 cents;


The NDX is actually the best performing index as I type and if it can hold up it may be able to drag the other indexes higher- especially if BIG BEN gives up the 50 bps all the traders want and need for their trading addiction.

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