3.25.2008

noon stability


Markets are trading mixed with the NAZ a bit higher while the DJIA is a hair lower with BAC JPM and IBM the biggest drags- Midcaps rarely mentioned but leading the way with a .7% gain as I type.


Winning sectors- metals, oils, ags, emerging markets, trannies and biotech while real estate, retail, telecom and banks are leading lower.


NYSE- 500 net winners;

NAZ- 250 net winners;

NDX - 60 GREEN;

OEX-63 GREEN;

IBD- 68 GREEN;


VIX- 25.5 and down about 1%;


Up volume 150% of Down volume;


10 year - yield moving up to 3.52%- crude- trading near $100 and gold at $935;


WINNERS- LEAP JNPR YHOO FMCN VRTX FWLT JOYG HAL BNI BHI BUD NYX AA NSC FSLR MA CHK CSX EOG GILD ECA TITN HK PQ BVN MOS V MA;


LOSERS- BAC LVS UA GOOG AMZN XOM MER KNDL PFWD LKQX ISYS SVR S BAC LEH JPM HD HIG GM CSC SHLD GRMN MICC IACI LAMR SIRI;


Market pretty resilient as the dip buyers came in on the crummy consumer confidence news- I bought near there and have sold half my SSO position-


Major indexes still in over bought territory but for now looks like buyers want in near support (SMA 50) with next resistance up near the 1380 level.


And guess who is back at realmoney.com?
Boone now bullish?
And Dick Bove with more on JPM!!!