5.12.2008

OPENING LOOK


After opening higher the markets are now trading near the flat line as financials are starting to sell down. The DJIA +5, NAZ +1 and SPX -2.


Strongest sectors- retail, drugs, banks, brokers, telecom and reits while oil sevice, gaming, metals, trannies and ags are lagging.


Key stocks- generally mixed with RIMM BIDU DECK MCD MSFT AMZN higher and VL LVS MGM NVDA POT KLAC lower.


NYSE- 230 net winners;

NAZ- 275 net winners;

NDX- 48 GREEN;

OEX- 50 GREEN;

IBD- 35 GREEN'


VIX- Flat;

TRIN- 1.19;


Up and down volume almost equal;


Markets not showing much this morning but I am buying some DIG here as its way down as oil is down whole 90 cents. Also trying to daytrade some IBM XLF and AMZN- as I think buyers will show up before the day is over.


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