3.10.2008

OPENING CLUES


Markets open and the verdict so far is mixed- DJIA -20, NAZ FLAT, SPX -3.5. Small cap value green - small cap growth red;


Strong sectors- semis, airlines, gaming, trannies, homies, insurance, banks and tech while metals, ags, oils and defense lags.


Key stocks - also mixed with MCD UA WYNN BIDU MGM MSFT higher and ICE BG POT VMW DECK NVDA NYX GOOG lower;


Market internals- slight negative bias with NDX half GREEN and OEX 40 GREEN;


IBD 100- hurting today with 20 green- metals and oils dominate and most lower;


VIX - higher by a whole 2% almost;


Down volume about 2X up volume;


TRIN 1.37;


Market feels like it wants to move higher but all the mini rallies so far have been sold. Banks and financials doing a bit better than the market so just maybe they can lift it later in the day.

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