2.06.2008

THE CHAMBER


Markets closed at near the lows of the day as the DJIA closed -65, NAZ -31 and SPX -10. Leading sectors included airlines, metals and trannies while semis, homies and gaming lagged.

Key stocks- generally lower with CELG VMW BG UA CAT higher and CME BIDU ICE AAPL ISRG DECK AMZN all crushed.
Market internals flipped to red late in the day with 1,700 net losers on the NYSE/NAZ.

CSCO giving the market some jig in the after hours as the NQ Futures are trading up 15 and CSCO is +.80 cents.

The big down trend continues and for the time being pullups are for shorting and any money being put to work on the long side continues to dissappear.








2 Comments:

Anonymous Anonymous said...

CSCO dow 2 bucks now...QQQQs crushed in AH..Four horsemen heading0f for the glue factory..Thanks Cramer.

6:44 PM  
Blogger DAVID said...

YEP - HE DA MAN

8:01 AM  

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