3.17.2008

the chase


So just when you thought the markets were going to tumble someone is buying and a green close would not be a total shock to this fish- nor would an ugly end- for what its worth.


The DJIA lower by 100, NAZ -36 and the SPX -20. RUT/MID the wort of the major indexes and down nearly 2%.


Strongest sectors- metals, drugs, telecom, DJIA, trannies and defense while brokers, financials, airlines and gaming are the worst.


NYSE- 2300 net losers;

NAZ - 1660 net losers;

NDX - 14 GREEN;

OEX- 17 GREEN;


WINNERS- JPM WY ABT BMY JNJ MRK PEP PFE CHRW PDCO GILD BIIB CTAS FAST SIAL

CCH CNQR AUY KNDL KOP;


LOSERS- BSC FCSX FMCN EDU TKC UAUA LVLT FWLT TLAB APOL HANS WYNN HANS JNPR RYAAY LEH MER MS GS CCU BK WB AES C UNH;


SPX back over 1270 and NDX still near the 1,700 number. The DJIA acts the best in light of JPM;


Just wondering how LEH is going to make since they will have the same problem as BSC- No one will want an account there and folks with accounts there will want to transfer out- eventually folks will want to be with the best and that means the big eventual winner GS;

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