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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	5/25/2001 12:34:03 PM
From: besttrader	of 37746

12:35 ET Dow -89, Nasdaq -24, S&P -11.54: [BRIEFING.COM] The markets continue to drift in negative ground. Nonetheless, the SOX has edged into positive territory, now posting a 0.4% intraday gain which is worth keeping an eye on. If buy interest should accelerate as the day wears on the chances for a late day rally would be much improved. Nasdaq market internals have improved modestly but notably since the last update. On the broader markets, strength is evident in oil drillers, health care, gold and steel. Sell pressure is hitting telecomm equipment, defense, utilities and homebuilding sectors. DJTA -1.0%... DJUA -1.6%... SOX +0.4%... XOI -0.2%... BTK +2.0%... Nasdaq 100 -1.8%... S&P Midcap 400 -0.2%... Russell 2000 -0.1%... NYSE Adv/Dec 1330/1487... Nasdaq Adv/Dec 1621/1842.

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