5.30.2008

THE MAD MONEY


Markets closed mixed the the DJIA -17, NAZ +14 and the SPX +1.


Strongest sectors included solar, metals, steel, tech, oil service and defense while financials, homies, real estate and biotech were weak.


NYSE/NAZ- flattish internals;


NDX- 60 WINNERS;

OEX- 50 WINNERS;

IBD-80 WINNERS;


VIX- down slightly;


TRIN- 1.04 - Up volume slightly better than down;


Financials were weak all day and that gave a nice profit in SKF and DIG gave a nice profit as it moved nicely higher in the afternoon as fundies probably wanted to show those securities in their EOM reports. Not Cramer type Mad Money- but not bad.


Speaking of MAD MONEY- Jimmy's short time favorite KRY crossed the briefing wires this morning and the price was 79 cents- Jimmy recommended it in May of 2006 near the $6 level and I had this to say about the speculative hunk of junk then. Just some weekend amusement.

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home