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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	5/31/2001 1:30:35 PM
From: besttrader	of 37746

13:30 ET Dow +78, Nasdaq +47, S&P +10.83: [BRIEFING.COM] Market tone is shaping up as the indices have hit new session highs... Dow is within striking distance of 11,000 as it currently trades less than 50 points from that important psychological level... Good leadership in today's trade with the afternoon surge being helped by renewed buying interest among the financial, transport and oil drilling shares... Gains in those areas, combined with an encouraging rebound in the tech sector, have prompted some short covering that has given the broader market an added boost... Up volume leads down volume by nearly a 5-to-1 margin at the Nasdaq and nearly a 3-to-1 margin at the NYSE which underscores today's positive bias... NYSE Adv/Dec 1907/1059... Nasdaq Adv/Dec 2224/1348.

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