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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject4/26/2001 2:36:14 PM
From: besttrader   of 37746
 
14:30 ET Dow +115, Nasdaq +9, S&P +14.53: [BRIEFING.COM] Indices have pulled back from their best levels, with the dip in the Nasdaq being the most noticeable... Recent wave of selling pressure coincided with a reversal of fortune for the SOX Index... Readers will recall that the SOX led the tech sector's rebound effort just after mid-day... In any event, traders getting a reminder that the performance of the chip and chip equipment stocks has been a good gauge for the Nasdaq's performance... Despite the recent pullback in the SOX, Briefing.com should note that it is still down by only a modest amount today following a 3.2% surge yesterday... Led by American Express (AXP +1.54), Johnson & Johnson (JNJ +1.38) and Alcoa (AA +1.36), the Dow continues to hold the bulk of today's gains... NYSE Adv/Dec 2040/1000... Nasdaq Adv/Dec 2197/1531.
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