2.15.2008

THE CLOSE


Markets closed at their highs led by financials, brokers, banks and airlines while gaming, semis, homies and tech lagged.


Key stocks- mainly lower with MA MER NYX BG GRMN BAC ISRG GS leading while MGM AMZN VMW WYNN AAPL UA and LVS lagged;


NYSE- 400 net losers;

NAZ - 775 net losers;

NDX-30 GREEN;

OEX- 45 GREEN;

IBD -24 GREEN;


VIX - 25 and closed down 2% despite the flattish SPX- a little 3 day weekend no doubt the blame;


TRIN- .8


Up and Down volume about equal and higher today near 1.5 B shares traded;


The brokers pulled the SPX up into the close as rumors of a suitor for BSC appeared. I wouldn't bet the ranch on it but the XLF was up 1.4% on a flat to down day.


Next week, no clue what to expect as we are in a fairly tight range and a move up or down will probably lead to a bigger move in that direction.

And if W pardons the rocket will he also pardon juicer number 1?