8.08.2008

THE OPEN


The ride continues as markets trade higher despite the crummy news out of FHM- the good news- oil and metals/commodities are tumbling as the dollar moves higher on the heels of an expected out performance by the US economy.


Best sectors include trannies, gaming, retail, real estate and brokers while commodities lag.


NYSE- 660 net winners;

NAZ -800 net winners;

NDX/OEX- both with 80 out of 100 winners;


Clearly the dollar is driving stocks and it looks like the place to be is the NAZ/NDX- money seems to be flowing there and out of commodity type stocks- for now.



0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home