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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	5/29/2001 1:35:27 PM
From: besttrader	of 37746

13:30 ET Dow -5, Nasdaq -71, S&P -9.63: [BRIEFING.COM] Selling is accelerating as the impact of Goldman's bearish call on Sun (SUNW 18.53 -1.94) and EMC (EMC 34.01 -3.09) continues to linger as techs are being shunned. Select interest seen in some cyclical and defensive groups such as beverages....Wireless stocks weak today. Openwave (OPWV 41.07 -4.31) continues to trade lower throughout the session....While inegrated oil stocks do well, energy wholesalers now coming under recent pressure including DYN -3%, EPG -3%, WMB -4%. Quiet period ended today on recent energy IPO Reliant Resources (RRI 33.03 -1.17), but stock unable to rally despite four buy ratings. NYSE Adv/Dec 1403/1586... Nasdaq Adv/Dec 1287/2350.

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