2.08.2008

THE OPEN


Markets open mixed with the NDX and RUT/MID's out performing while the DJIA and large cap value under performs.

Strongest sectors- metals, internets, oil service, retail and ags while drugs, gaming, utils and biotech lag.

Key stocks- 25/40 higher- led by TIF AMZN BIDU RIMM MSFT UA MCD DECK AAPL- laggards- MGM MS CME MER GE PG WYNN C GS;


NYSE- 200 net winners;

NAZ- 540 net winners;

NDX -60 WINNERS;

OEX-35 WINNERS;

IBD 100-70 WINNERS;

Crosscurrents yet again as tech/oils/metals/small caps lead while banks and brokers trade flat to red. Looks like another day of high volatility and if you don't have a quick finger its probably not a good time to trade.


1 Comments:

Anonymous Anonymous said...

Excellent advice. These days you don't know what move is for real.

10:23 AM  

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