2.11.2008

THE CLOSE


Put it in the book as the DJIA climbs 57, NAZ +15 and SPX +8. Large cap growth and the NDX led the way while the RUT lagged.


Strongest sectors- oils, retail, gaming, semis, internets and homies while insurance, financials, reits and banks lagged.


Key stocks- 25/40 GREEN leaders- BIDU RIMM POT BG LVS AAPL AMZN VMW SMH- losers- GRMN MS MSFT C MO CELG GS TIF BAC;


NYSE/NAZ flat internals;

NDX- 65 GREEN;

OEX-65 GREEN;

IBD 100- 67 GREEN;


VIX - flattish

TRIN- .71;


Up vol 8/5 over Down with overall light numbers;


It will be interesting to see if tech can get some jig going forward- after all the wizard of wall street did mention the other day how tech can't be owned. The same with financials and they were pretty bad most of the day.


RSI (2) levels near the middle of their ranges with NDX/MID and Large Growth at the upper end and Large and Small Value at the lower end of the range.

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