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	5/16/2001 2:17:39 PM
From: besttrader	of 37746

14:00 ET Dow +229, Nasdaq +52, S&P +23.40: [BRIEFING.COM] The current rally continues to look solid. Both NYSE and Nasdaq market internals are bullish as read by breadth and volume. Advance volume outpaces decline volume by a 3 to 1 margin on breadth that skews favorably towards advancers. Biotechs are leading the Nasdaq with the BTK posting a sizeable 7.0% intraday gain. Semiconductors have also gained momentum (SOX +3.7%) despite a Goldman Sachs downgrade on communication chips this morning. The major averages are currently hitting new intraday highs and the Dow is notably working on 11,100. Curbs have just been placed on the Dow in light of the magnitude of today's move. DJTA +0.7%... DJUA +0.6%... XOI +0.7%... Nasdaq 100 +3.4%... S&P Midcap 400 +1.4%... Russell 2000 +0.8%... NYSE Adv/Dec 1905/1095... Nasdaq Adv/Dec 1986/1651. 13:30 ET Dow +177, Nasdaq +34, S&P +17.19: [BRIEFING.COM] The current rally in equities has caught many investors flat footed today. The addage "buy the rumor, sell the news" is frequently bandied in the markets and many traders were banking on a sell off following yesterday's interest rate cut from the Fed. While it's a nice rule of thumb, it doesn't work so well when the "buy the rumor" aspect fails to precede the news. In other words, equity markets sold off in the sessions prior to yesterday's rate cut. On the broader markets, buy interest is reasonably broad based though retail and financials are somewhat lukewarm to the current buy interest. DJTA +0.6%... DJUA +0.3%... SOX +2.8%... XOI +0.7%... BTK +5.8%... Nasdaq 100 +2.8%... S&P Midcap 400 +1.2%... Russell 2000 +0.7%... NYSE Adv/Dec 1864/1118... Nasdaq Adv/Dec 1915/1666.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next