I am noticing the same thing in numerous issues that you did in MSFT. It seems all the large caps/previously strong stocks I check no matter what sector they are in, are being hit hard despite the appearance of the DOW. This is confusing me since I can't seem to find what is going up to hold the index. PG, GE, MSFT, SUNW, IBM, MRK, EMC, AOL, CSCO, CTXS, DELL, BGEN etc are all down. The sector scans are showing most sectors flat to down with only oil, natural gas up. The rest are flat to down. The TYX just popped back up to 5.589 and climbing fast. Something has to give quick.
Wish I had my short list ready. I already have a buy list but I feel the timing maybe wrong to go long since my entire buy list is on sale too much right now. |
