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.
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home