Closing numbers Oct 5,2001
Dow 9060.88 -62.90 (-0.69%)
Nasdaq 1597.31 +16.50 (+1.04%)
S&P 500 1069.63 -2.65 (-0.32%)
10-Yr Bond 4.508% +0.050
NYSE Volume 1,550,740,000
Nasdaq Volume 2,559,753,000
TOTAL EQUITY CALL VOLUME : 795,328
TOTAL EQUITY PUT VOLUME : 369,959
TOTAL VOLUME : 1,165,287
EPC=0.46
COMPX gap opened at 1602, then sold off to the high close at 1580 from yesterday. Index then climbed to fill the gap at 1650. Index came within 8 points at the 1650 gap, so I consider this filled. We got a follow through day today which is the first in a while. COMPX is rising on a neutral EPC so this is good as there are enough cautious traders to indicate more upside.
We had some rotation into second tier names today indicating the follow through is broadening .... FNSR, MCDT, SONS, ONIS
Dell confirmed guidance today adding more weigh to CSCO assertion that the invertory issues are over and demand is starting to stablize. MCDT also re-affirmed after the close. Revenue will actually come in higher than expected. Margins look like they may be higher also, due to higher sales of high margin products. Of note is they did not raise the EPS range. I have never heard one of their conference calls, so I have no idea whether they are being conservative. Look for follow through rally by BRCD, EMLX and QLGC. VRTS may also rally as increase switches usually means more equipment to manage via software.
I don't like the fact the financial are not participating. After 9 interest rate cuts they should be doing better. The DOW does not rally for long without them.
It is interesting stock that have not really participated in this rally:
ADCT, ALA, BKHM, DITC, GLW, LU, MONI, MTZ, QCOM
GLW warned today, but the rest have no news.
*********************
Market Outlook
The Buying Game
By:Adam Martin
After struggling to remain positive for much of the session, the DJIA finished in the red as traders sold off into what was a second day of rallying. Dell fired trader enthusiasm with word that the company is standing by its third quarter estimates, and the tech sector is surging ahead of blue chip stocks with the Nasdaq finishing with some modest gains. Although cautiously pointing out that a third of the fiscal quarter remains ahead, Dell maintain's its current situation points towards continuing success. There's growing sentiment among analysts that the worst could be behind us, but others are more cautious, pointing out that although this would be the second consecutive day of rallying, the market has yet to stand on its own without some good earnings or economic news to prop up prices, and that sustained recovery in the markets will require something tangible for traders to believe in.
Upcoming Economic Reports and Events:
October 4: Monetary Policy Announcement (United Kingdom) (7:00AM); Jobless Claims for 09/29/2001 (8:30AM); Factory Orders (SIO or M3) for August (10:00AM); FOMC Minutes2:00PM
October 5: Employment Situation for September (8:30AM); Labor Force Survey (Canada) for September (8:30AM); ECRI Future Inflation Gauge for September (9:40AM); ECRI Weekly Leading Index for 09/28/2001 (1:00PM); Consumer Credit (G19) for August (3:00PM)
RETAIL 11 -2.5% Edit Delete Compare
DSL 6 +2.6% Edit Delete Compare
DWDM 20 +4.2% Edit Delete Compare
Low pSR Energy Stocks 12 +3.1% Edit Delete Compare <?b>
Carriers1 7 -3.3% Edit Delete Compare
Telecom Construction1 5 -1.9% Edit Delete Compare
networkers1 6 +0.7% Edit Delete Compare
Contract Manufacturers 5 +2.2% Edit Delete Compare
Telecom Equipment 18 +0.2% Edit Delete Compare
Tier 2, D-WDM 16 +2.0% Edit Delete Compare
Broadband Cable 1 8 +1.4% Edit Delete Compare
DOW 10 -0.8% Edit Delete Compare
Internet Security 20 +6.4% Edit Delete Compare
Biotechs 9 -3.1% Edit Delete Compare
CHIP EQUIPMENT 13 +3.6% Edit Delete Compare
CHIPS1 22 +3.5% Edit Delete Compare
Clint's Financials 40 -0.6% Edit Delete Compare
Genomics 9 -3.8% Edit Delete Compare
Incubators 8 +5.3% Edit Delete Compare
Internet Sector 14 +2.1% Edit Delete Compare
Flat Panel Displays 7 +5.7% Edit Delete Compare
E-Gaming stocks 7 +4.4% Edit Delete Compare
Drug Stocks 15 -0.7% Edit Delete Compare
RTS Biotechs 13 -3.5% Edit Delete Compare
Gigabit 23 +4.7% Edit Delete Compare
Oil Drilers - Deep Water 13 +5.3% Edit Delete Compare
Storage 7 +12.9% Edit Delete Compare
M.L. Picks 23 +5.2% Edit Delete Compare
HOLDERS 12 -0.4% Edit Delete Compare
4 Q's of cash 20 +4.5% Edit Delete Compare
Carriers 10 -0.5% Edit Delete Compare
Wireless 6 -1.7% Edit Delete Compare
Real Estate Related 7 -0.1% Edit Delete Compare
Symbol Price Change Volume Bid/Ask Day Range
ADCT 3.30 -0.16 (-4.62%) 8,895,400 3.29 - 3.36 3.28 - 3.60
ADTN 20.08 0.12 (+0.60%) 124,300 19.75 - 23.75 19.91 - 21.59
AFCI 17.35 0.70 (+4.20%) 3,657,300 17.35 - 17.46 17.02 - 18.70
ALA 10.87 -0.48 (-4.23%) 1,805,000 10.62 - 11.28
AMAT 30.99 0.65 (+2.14%) 22,317,500 30.99 - 31.19 30.05 - 32.70
AMCC 7.98 0.29 (+3.77%) 26,942,800 8.00 - 8.02 7.89 - 9.13
ANAD 14.19 1.76 (+14.16%) 1,274,400 13.60 - 13.75 12.39 - 14.19
ANDW 18.87 -0.10 (-0.53%) 992,300 18.62 - 19.65 18.45 - 19.92
ANN 24.40 -0.44 (-1.77%) 708,400 24.18 - 25.66
AOL 34.10 -0.21 (-0.61%) 24,012,100 33.75 - 36.48
APAT 2.40 0.16 (+7.14%) 17,800 2.31 - 2.40 2.25 - 2.40
ASYS 5.30 0.06 (+1.15%) 50,500 5.16 - 5.49 5.15 - 5.60
AVCI 1.80 -0.04 (-2.12%) 1,370,300 1.57 - 2.06 1.75 - 2.10
AVNX 3.31 0.36 (+12.20%) 1,288,000 3.25 - 3.39 2.91 - 3.68
AXP 28.88 -1.06 (-3.54%) 6,846,700 28.65 - 30.28
BKB 43.38 0.00 (+0.00%) 100 41.44 - 44.12
BKHM 1.18 -0.13 (-9.92%) 112,800 1.15 - 1.18 1.15 - 1.29
BRCD 20.14 3.03 (+17.71%) 32,481,400 19.85 - 19.90 18.03 - 21.20
BRCM 25.01 2.92 (+13.22%) 22,534,300 24.80 - 24.89 22.72 - 26.03
CIEN 11.29 -0.74 (-6.15%) 23,762,400 11.32 - 11.35 11.15 - 12.70
CMGI 0.81 -0.04 (-4.71%) 3,049,700 0.83 - 0.85 0.80 - 0.88
CMTN 0.89 0.07 (+8.54%) 250,600 0.89 - 0.99 0.82 - 0.95
CNXT 8.28 0.58 (+7.53%) 5,770,800 8.27 - 8.70 7.47 - 9.07 <?b>
COVD 0.38 0.02 (+5.21%) 415,500 0.38 - 0.38 0.37 - 0.38
CPWR 9.16 0.91 (+11.03%) 5,402,900 9.10 - 9.25 8.15 - 9.75
CS 20.75 -0.05 (-0.24%) 20,150,100 6.40 - 6.80 20.22 - 21.10
CSCO 14.42 0.47 (+3.37%) 137,909,000 14.39 - 14.40 14.15 - 15.03
CYMI 16.00 -0.60 (-3.61%) 854,300 16.00 - 16.21 15.85 - 17.76
DIS 19.30 -0.61 (-3.06%) 13,000,700 19.30 - 20.23
DITC 4.53 0.04 (+0.89%) 576,300 3.50 - 4.59 4.36 - 4.68
EMKR 8.57 0.67 (+8.48%) 578,800 6.36 - 8.63 7.86 - 9.11
EXDS 0.17 -0.01 (-5.56%) 800 0.18 - 0.17 0.17 - 0.17
EXTR 8.37 0.53 (+6.76%) 16,155,700 8.25 - 8.48 8.00 - 9.71
FDRY 7.94 0.57 (+7.73%) 5,611,800 7.61 - 8.12 7.45 - 9.05
FDX 37.97 0.07 (+0.18%) 916,500 37.30 - 39.24
FFIV 10.99 1.70 (+18.30%) 721,700 10.75 - 10.98 9.48 - 11.47
GE 37.39 -0.76 (-1.99%) 26,634,600 37.10 - 38.70
GLM 14.40 0.22 (+1.55%) 3,901,700 14.22 - 15.06
GLW 7.70 -1.30 (-14.44%) 27,225,600 7.60 - 8.55
GPS 12.99 0.11 (+0.85%) 9,142,900 12.52 - 13.30
HEII 7.50 0.35 (+4.90%) 1,100 7.60 - 7.90 7.50 - 7.50
HIFN 10.30 -0.55 (-5.07%) 195,300 10.20 - 10.60 10.30 - 10.94
IBI 10.08 -0.26 (-2.51%) 1,821,200 5.55 - 5.95 9.91 - 10.50
INKT 3.56 -0.06 (-1.66%) 2,765,300 3.40 - 3.62 3.42 - 3.97
INTC 21.55 0.32 (+1.51%) 67,199,800 21.52 - 21.62 21.00 - 22.58
IOM 6.40 0.01 (+0.16%) 236,100 6.35 - 6.45
ITWO 4.43 0.32 (+7.79%) 18,296,300 4.39 - 4.45 3.78 - 4.80
JBL 20.89 0.63 (+3.11%) 2,261,700 19.93 - 22.20
JDSU 7.02 -0.11 (-1.54%) 52,556,300 6.93 - 6.96 6.70 - 7.34
JNJ 54.45 0.18 (+0.33%) 8,284,000 54.28 - 55.25
JNPR 13.27 1.27 (+10.58%) 40,950,500 13.30 - 13.37 12.99 - 15.10
KOPN 10.12 1.38 (+15.79%) 2,472,700 9.90 - 10.02 8.91 - 10.25
LU 6.20 0.00 (+0.00%) 23,383,900 6.10 - 6.45
MCDT 12.72 2.57 (+25.32%) 5,096,300 12.76 - 12.80 10.93 - 13.40
MER 42.26 0.81 (+1.95%) 8,164,500 37.47 - 37.80 41.40 - 43.90
MERQ 25.12 -0.57 (-2.22%) 6,754,700 24.90 - 25.20 24.89 - 27.28
MONI 0.43 -0.07 (-14.00%) 2,459,300 0.40 - 0.41 0.41 - 0.49
MOT 15.89 0.54 (+3.52%) 16,056,400 15.15 - 16.60
MRVC 3.10 0.04 (+1.31%) 728,600 2.80 - 3.15 3.04 - 3.30
MRVL 19.96 1.65 (+9.01%) 3,439,000 19.55 - 20.96 17.62 - 21.04
MSFT 56.44 0.21 (+0.37%) 50,891,200 56.17 - 56.20 56.21 - 58.40
MTZ 5.21 -1.34 (-20.46%) 780,300 5.15 - 6.45
MWD 49.89 0.00 (+0.00%) 6,512,300 49.28 - 51.26
NE 26.38 1.38 (+5.52%) 2,404,900 25.02 - 27.01
NEWP 14.94 0.59 (+4.11%) 2,128,700 14.57 - 15.50 14.50 - 16.19
NT 5.55 0.01 (+0.18%) 15,672,000 5.40 - 5.77
NUFO 3.53 0.49 (+16.12%) 1,265,400 3.53 - 3.77 3.04 - 3.85
NVLS 29.22 1.22 (+4.36%) 11,577,400 29.20 - 29.47 27.65 - 30.99
ONIS 6.10 0.87 (+16.63%) 8,804,700 6.00 - 6.10 5.40 - 6.92
OPWV 7.10 0.46 (+6.93%) 21,723,800 7.08 - 7.10 6.51 - 7.75
PHTN 25.37 2.06 (+8.84%) 317,400 23.35 - 25.99 23.24 - 26.45
PMCS 12.72 0.64 (+5.30%) 19,940,200 12.66 - 12.75 11.80 - 14.20
PSFT 25.15 1.47 (+6.21%) 18,526,700 24.80 - 25.29 23.70 - 27.08
Q 16.55 -0.65 (-3.78%) 10,500,200 632.00 - 34.35 16.10 - 17.03
QCOM L 42.00 -2.81 (-6.27%) 38,447,700 41.41 - 41.50 41.97 - 45.40
RFMD 16.60 0.60 (+3.75%) 16,623,400 16.50 - 16.70 15.10 - 18.42
RIG 27.30 1.50 (+5.81%) 5,377,200 25.47 - 28.10
RMBS 7.84 0.09 (+1.16%) 2,702,500 7.75 - 7.80 7.63 - 8.35
RNWK 5.32 -0.03 (-0.56%) 1,310,000 5.28 - 5.49 5.12 - 5.78
SCH 11.36 0.21 (+1.88%) 5,026,900 11.10 - 11.72
SCMR 4.09 0.29 (+7.63%) 2,543,800 3.84 - 3.99 3.79 - 4.15
SDC 22.18 0.47 (+2.16%) 1,109,100 21.78 - 22.89
SEBL 18.81 1.20 (+6.81%) 31,933,800 18.63 - 18.65 17.67 - 19.55
SHOO 10.30 0.10 (+0.98%) 103,000 8.16 - 12.30 9.90 - 10.45
SONS 3.54 0.91 (+34.60%) 11,816,300 3.40 - 3.45 2.76 - 3.64
SUNW 9.29 0.29 (+3.22%) 73,166,100 9.25 - 9.26 9.09 - 9.81
SVGI 34.76 0.00 (+0.00%) 34.51 - 34.85
TDW 28.50 2.08 (+7.87%) 1,510,000 26.71 - 29.00
TER 21.56 0.71 (+3.41%) 2,760,900 21.30 - 22.86
TLAB 11.42 0.91 (+8.66%) 12,373,400 11.53 - 11.70 10.95 - 12.95
TQNT 16.10 0.35 (+2.22%) 4,890,600 16.25 - 16.30 15.35 - 17.62
TXCC 3.45 0.70 (+25.45%) 5,238,000 3.31 - 3.45 2.88 - 3.63
UTEK 12.25 1.25 (+11.36%) 930,300 12.26 - 26.70 11.23 - 12.58
VERT 0.64 0.16 (+33.33%) 1,198,600 0.63 - 0.70 0.48 - 0.80
VTSS 8.25 0.37 (+4.70%) 7,458,700 8.15 - 8.22 7.72 - 8.73
WIND 11.59 -0.01 (-0.09%) 421,700 11.55 - 11.90 11.48 - 12.40
YHOO 10.68 0.77 (+7.77%) 17,944,800 10.55 - 10.60 9.68 - 11.59 |
