Dow 11261.79 -39.95 (-0.35%)
Nasdaq 2271.60 +72.72 (+3.31%)
S&P 500 1302.11 +10.15 (+0.79%)
10-Yr Bond 5.386% -0.005
NYSE Volume 750,207,000
Nasdaq Volume 1,500,645,000
Sell signal generated on the COMPX and SOX. Support levels 2230 and 650. I expect the current move to continue after a brief consoldiation.
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Market Outlook
Who Let the Bulls Out?
By:Adam Martin
Heading into the afternoon, the Nasdaq continues to rally on strong tech and biotech leaders, leveling off well above the 2250 level which analysts feel is an important psychological barrier. The DJIA is up and down, but seems to be slowly recovering from an early falloff attributable top bad earnings news and the Proctor and Gamble Acquisition. Last week, a half point rate cut by the Fed and some surprisingly promising economic data sparked a rally on Wednesday that resulted in one of the highest single point gains on record. By contrast, information is going to be a bit scarce this week, and with the long weekend ahead, it's hard to say if the rally we've been enjoying can sustain itself. The next important information the market receives will be speeches given by some officials for the Fed, and Wall Street will be paying close attention to them for clues as to the state of the economy.
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1:35PM ET The Nasdaq is again extending near the day's best levels on broad-based buy interest and heavier than average volume. While the index has experienced a few periods of hesitation today, it has yet to undergo a meaningful sell-wave. Technology buy interest is being led by both semiconductors and biotech with the SOX and BTK both posting sizeable 5.6% intraday gains. The question at this point is whether the current Nasdaq rally can be sustained in the intermediate term given the magnitude of today's move.
RETAIL 8 -0.1% Edit Delete Compare
SOFTWARE1 13 +3.4% Edit Delete Compare
DSL 6 +2.4% Edit Delete Compare
DWDM 21 +3.6% Edit Delete Compare
Financials1 7 +1.3% Edit Delete Compare
Carriers1 6 -0.1% Edit Delete Compare
Telecom Construction1 5 +1.9% Edit Delete Compare
networkers1 6 +3.6% Edit Delete Compare
Contract Manufacturers 5 +3.6% Edit Delete Compare
Telecom Equipment 18 +4.0% Edit Delete Compare
Tier 2, D-WDM 17 +3.7% Edit Delete Compare
Broadband Cable 1 8 +2.8% Edit Delete Compare
DOW 10 -0.6% Edit Delete Compare
XML 15 +1.8% Edit Delete Compare
Internet Security 20 +6.7% Edit Delete Compare
Supercoductors 5 +3.0% Edit Delete Compare
Bull Sector-optical 84 +2.0% Edit Delete Compare
Satellite Stocks1 3 +3.3% Edit Delete Compare
Strong Stocks March 16 Correction 22 0.0% Edit Delete Compare
Biotechs 9 +8.3% Edit Delete Compare
CHIP EQUIPMENT 13 +4.0% Edit Delete Compare
CHIPS1 22 +4.6% Edit Delete Compare
Clint's Financials 40 +1.0% Edit Delete Compare
MEMS 2 -0.1% Edit Delete Compare
April 11 strong stocks1 16 +2.9% Edit Delete Compare
Day Traders 12 +3.1% Edit Delete Compare
Genomics 9 +8.5% Edit Delete Compare
Incubators 8 +7.0% Edit Delete Compare
Internet Sector 14 +6.1% Edit Delete Compare
Flat Panel Displays 4 +5.5% Edit Delete Compare
E-Gaming stocks 4 +0.3% Edit Delete Compare
Stocks pulling back on below avg vol 42 +2.2% Edit Delete Compare
Bottoming List 10 +5.9% Edit Delete Compare
Clint's Strong Stocks Sept Selloff 23 +6.3% Edit Delete Compare
Drug Stocks 15 -0.1% Edit Delete Compare
RTS Biotechs 13 +5.1% Edit Delete Compare
Gigabit 35 +4.1% Edit Delete Compare
Dec 1 Rev. Leaders 37 +5.0% Edit Delete Compare
Mata Market World 83 +3.6% Edit Delete Compare
Telecom Software 4 +4.8% Edit Delete Compare
Oil Drilers - Deep Water 6 +0.4% Edit Delete Compare
Symbol Price Change Volume Bid/Ask Day Range
ADCT 10.08 -0.01 (-0.10%) 13,153,400 10.09 - 10.10 9.91 - 10.43
ADTN 27.50 0.24 (+0.88%) 80,000 27.47 - 27.60 27.05 - 27.70
AFCI 22.94 1.05 (+4.80%) 1,221,900 22.94 - 22.97 21.66 - 23.19
ALA 31.04 0.89 (+2.95%) 1,092,500 29.25 - 31.05
AMAT 56.56 1.56 (+2.84%) 14,849,400 56.55 - 56.56 54.75 - 58.00
AMCC 25.34 1.83 (+7.78%) 11,940,600 25.34 - 25.35 23.50 - 25.78
ANAD 24.75 1.31 (+5.59%) 812,500 24.67 - 24.75 23.06 - 25.05
ANDW 17.92 0.43 (+2.46%) 121,400 17.90 - 17.94 17.36 - 17.95
ANN 38.24 0.74 (+1.97%) 375,500 37.40 - 38.25
AOL 55.64 1.21 (+2.22%) 15,812,000 54.52 - 56.23
APAT 10.40 -0.06 (-0.57%) 9,700 10.25 - 10.50 9.95 - 10.61
ASYS 13.02 1.27 (+10.81%) 265,200 13.02 - 13.10 11.75 - 13.35
AVCI 13.64 0.85 (+6.65%) 1,022,700 13.57 - 13.64 12.92 - 13.75
AVNX 17.59 2.49 (+16.49%) 3,530,600 17.61 - 17.66 15.10 - 18.30
AXP 44.23 0.53 (+1.21%) 2,087,600 43.32 - 44.45
BKB 43.38 0.00 (+0.00%) 100 41.44 - 44.12
BKHM 5.30 0.40 (+8.16%) 186,000 5.31 - 5.35 4.85 - 5.40
BRCD 50.03 4.12 (+8.97%) 10,219,500 50.01 - 50.02 45.00 - 50.30
BRCM 45.65 2.81 (+6.56%) 7,391,700 45.64 - 45.65 42.06 - 46.88
CIEN 59.79 2.44 (+4.25%) 15,062,700 59.80 - 59.81 57.44 - 60.65
CMGI 5.30 0.24 (+4.74%) 3,763,000 5.30 - 5.32 5.10 - 5.38
CMTN 3.49 0.30 (+9.40%) 783,600 3.49 - 3.55 3.18 - 3.65
CNXT 9.75 0.59 (+6.44%) 1,701,700 9.73 - 9.75 9.04 - 10.02
COVD 1.39 0.00 (+0.00%) 1.40 - 1.42
CPWR 11.61 1.02 (+9.63%) 2,529,800 11.62 - 11.63 10.54 - 11.63
CS 19.90 0.77 (+4.03%) 1,345,600 19.05 - 20.15
CSCO 22.01 1.81 (+8.96%) 98,660,600 22.01 - 22.02 20.21 - 22.41
CYMI 33.40 1.35 (+4.21%) 170,800 33.34 - 33.37 31.51 - 33.70
DIS 34.45 1.85 (+5.67%) 7,386,300 33.50 - 34.55
DITC 14.60 0.35 (+2.46%) 296,500 14.60 - 14.62 14.25 - 14.75
EXDS 9.03 0.88 (+10.80%) 9,461,700 9.03 - 9.04 7.98 - 9.29
EXTR 38.00 2.31 (+6.47%) 3,807,100 38.02 - 38.03 35.75 - 39.12
FDRY 20.85 1.67 (+8.71%) 4,099,300 20.82 - 20.85 18.80 - 21.20
FDX 40.61 0.10 (+0.25%) 428,900 40.13 - 40.67
FFIV 11.63 0.47 (+4.21%) 132,300 11.64 - 11.66 11.00 - 11.80
GE 53.00 0.01 (+0.02%) 10,423,100 52.70 - 53.35
GLM 27.93 -0.20 (-0.71%) 1,707,400 27.80 - 28.27
GLW 22.28 1.34 (+6.40%) 7,668,700 20.90 - 22.50
GPS 33.44 -0.51 (-1.50%) 2,475,400 33.30 - 33.94
HEII 7.50 0.25 (+3.45%) 13,600 7.40 - 7.50 7.35 - 7.50
HIFN 19.05 1.14 (+6.37%) 62,400 19.10 - 19.20 18.01 - 19.22
IBI 15.92 -0.52 (-3.16%) 665,500 15.66 - 15.99
INKT 7.93 0.13 (+1.67%) 2,429,400 7.93 - 7.95 7.80 - 8.07
INTC 29.38 0.62 (+2.16%) 28,277,400 29.37 - 29.38 28.19 - 29.97
IOM 3.45 -0.01 (-0.29%) 274,700 3.39 - 3.49
ITWO 27.09 3.13 (+13.06%) 12,740,600 27.05 - 27.09 24.10 - 28.07
JBL 35.60 2.60 (+7.88%) 1,522,900 33.45 - 35.75
JDSU 22.62 1.43 (+6.75%) 17,865,000 22.62 - 22.63 21.19 - 22.95
JNJ 99.62 -1.38 (-1.37%) 1,843,100 99.00 - 100.95
JNPR 55.71 0.90 (+1.64%) 17,899,800 55.70 - 55.72 53.95 - 56.74
KOPN 11.39 1.44 (+14.47%) 1,841,300 11.37 - 11.41 10.15 - 11.85
LU 9.81 -0.14 (-1.41%) 15,515,400 8.86 - 9.94
MCDT 37.80 1.11 (+3.03%) 861,600 37.61 - 37.77 36.15 - 38.32
MER 67.89 1.24 (+1.86%) 6,000,400 66.36 - 68.36
MERQ 72.50 2.88 (+4.14%) 2,725,000 72.50 - 72.51 69.14 - 73.80
MONI 11.55 0.20 (+1.76%) 137,100 11.55 - 11.65 11.18 - 11.70
MOT 16.41 0.81 (+5.19%) 6,583,200 15.35 - 16.75
MRVC 13.49 1.78 (+15.20%) 5,469,900 13.47 - 13.49 12.06 - 13.75
MRVL 31.38 1.48 (+4.95%) 911,500 31.25 - 31.38 29.80 - 32.15
MSFT 69.12 1.03 (+1.51%) 27,423,500 69.09 - 69.10 67.75 - 69.99
MTZ 15.72 0.07 (+0.45%) 40,600 15.60 - 15.88
MWD 71.31 2.27 (+3.29%) 3,910,800 68.92 - 71.60
NE 47.77 0.74 (+1.57%) 1,218,300 46.63 - 47.96
NEWP 40.90 2.90 (+7.63%) 1,976,700 40.90 - 40.91 37.80 - 41.50
NT 15.16 0.71 (+4.91%) 16,878,400 13.99 - 15.25
NUFO 14.91 1.51 (+11.27%) 2,272,800 14.86 - 14.92 13.36 - 15.24
NVLS 56.83 2.28 (+4.18%) 4,944,200 56.91 - 56.92 54.31 - 58.00
ONIS 33.80 1.33 (+4.10%) 3,446,800 33.76 - 33.80 31.75 - 34.16
OPWV 38.52 1.47 (+3.97%) 2,625,800 38.45 - 38.53 36.60 - 39.30
PHTN 29.99 0.99 (+3.41%) 99,800 29.88 - 29.99 28.83 - 30.06
PMCS 41.86 3.24 (+8.39%) 6,141,200 41.90 - 41.91 38.03 - 42.62
PSFT 43.22 0.33 (+0.77%) 5,588,200 43.22 - 43.23 41.98 - 43.87
Q 38.51 -0.09 (-0.23%) 3,233,300 38.05 - 38.75
QCOM 68.73 3.36 (+5.14%) 7,711,900 68.72 - 68.76 65.75 - 69.74
RFMD 35.15 1.12 (+3.29%) 4,398,300 35.17 - 35.20 33.51 - 36.10
RIG 56.95 -0.05 (-0.09%) 2,028,500 56.15 - 57.44
RMBS 11.34 -0.20 (-1.73%) 2,414,600 11.33 - 11.34 11.10 - 11.80
RNWK 14.84 1.69 (+12.85%) 3,563,700 14.83 - 14.85 13.23 - 15.10
SCH 19.89 0.44 (+2.26%) 3,565,700 19.26 - 19.95
SCMR 10.95 0.88 (+8.74%) 4,663,600 10.92 - 10.95 9.90 - 11.15
SDC 39.03 0.16 (+0.41%) 349,400 38.60 - 39.45
SEBL 53.93 4.72 (+9.59%) 17,400,500 53.92 - 53.93 48.45 - 54.46
SHOO 15.50 0.20 (+1.31%) 107,500 15.50 - 15.60 15.15 - 15.86
SONS 31.12 1.17 (+3.91%) 3,655,900 31.14 - 31.15 29.95 - 31.46
SUNW 22.45 2.48 (+12.42%) 65,727,700 22.45 - 22.47 20.00 - 22.68
SVGI 34.64 0.55 (+1.61%) 725,500 34.63 - 34.68 33.30 - 34.74
TDW 50.35 0.83 (+1.68%) 500,600 49.45 - 50.55
TER 45.61 2.91 (+6.81%) 2,034,700 42.35 - 46.00
TLAB 41.60 3.05 (+7.91%) 3,671,900 41.48 - 41.51 38.79 - 42.76
TQNT 28.28 1.28 (+4.74%) 2,763,900 28.26 - 28.28 27.00 - 28.98
TXCC 17.17 0.86 (+5.27%) 1,144,100 17.17 - 17.19 16.25 - 17.62
UTEK 22.70 0.23 (+1.02%) 271,800 22.70 - 22.75 22.27 - 23.05
VERT 2.63 0.13 (+5.20%) 736,600 2.63 - 2.64 2.51 - 2.71
VTSS 34.26 1.77 (+5.45%) 2,606,500 34.25 - 34.26 32.15 - 34.79
WIND 23.83 1.31 (+5.82%) 798,600 23.80 - 23.85 22.32 - 24.00
YHOO 20.22 0.86 (+4.44%) 5,573,800 20.20 - 20.21 19.20 - 20.50 |
