7.25.2008

SNOOZEFEST


A pretty dull day on the street with the NAZ/NDX out performing while the DJIA/SPX are trading near the flat lines.


Strength in HHH AAPL GOOG INTC MSFT RIMM and YHOO while steel, ags, real estate and homies lead and brokers, banks, gaming and telecom lag.


NYSE- 250 net winners;

NAZ-575 net winners;

NDX- 65 GREEN;

OEX- 50 GREEN;


VIX- down 3% at 22.7;


Up and down volume about equal;


Banks and brokers lower while tech acts well is the story of the day- but I still think we hit 1245 early next week to complet the 50% retracement from the 1290 level-


Otherwise - QUIET-


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