Sharck Soup Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Sharck Soup

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sharck who started this subject	7/20/2001 10:04:58 AM
From: besttrader	of 37746

10:00 ET Dow -66, Nasdaq -35, S&P -7.25: [BRIEFING.COM] Both the Nasdaq and the Dow gapped lower at the open and both have traded in relatively tight ranges since. The Nasdaq has a very tight 13-point range to start the day as it has neither bounced off opening sell pressure nor extended it. While market internals are modestly bearish to start, the sell pressure is orderly and would likely look quite a bit better factoring out Microsoft's (MSFT -4.36) severe sell off. On the broader market, oil-related stocks continue to see buy interest on talk of OPEC production cuts and positive analyst comments from Banc of America and UBS Warburg. The XOI is +1.4% and the OSX is higher by 2.8%. It's probably worth keeping an eye on the OSX as the index is severely oversold on an intermediate-term basis. DJTA -0.5%... DJUA +0.1%... SOX -4.0%... XOI +1.2%... BTK +0.8%... Nasdaq 100 -1.9%... S&P Midcap 400 -0.1%... Russell 2000 -0.5%... NYSE Adv/Dec 1030/1255... Nasdaq Adv/Dec 966/1634.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next