4.10.2008

The Open


Markets are trading mixed with the NAZ higher and the DJIA/SPX flat to lower.


Strongest sectors- biotech, airlines, ags, homies, drugs and retail while steel, metals, gaming, financials and energy lag.


Key stocks- a mixed bag with IBB CELG ISRG INTC SMH TIF higher and MTW BIDU GS MGM MS LVS DECK lower;


NYSE- 275 net losers;

NAZ- 150 net losers;

NDX -50 GREEN;

OEX-55 GREEN;

IBD -35 GREEN;


VIX- flat at 23+;

Down volume a bit ahead of Up;

Crude/Gold lower;

EURO 1.58;


Markets a bit disappointing as financials are trading poorly with GS LEH MER MS all lower by at least a % and banks also bad with BAC C JPM MA MTB WFC lower.


The good news is the tech world with semis acting well along with HHH AAPL INTC MSFT RIMM- GOOG flattish;

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