MARKET INDEX LABORATORY, Friday, July 2, 1999
INDEX Pr Cls Open High Low Close Change %Change 12MO HI 12MO LO
THE MAJORS
DOW 11,066 11,065 11,140 11,059 11,139 + 73 +0.7% 11,139** 7,539
SPX 1,381 1,381 1,391 1,380 1,391 + 10 +0.7% 1,391** 957
OEX 709.5 709.5 716 709 716 + 6.5 + 1 % 716** 471
RUT 454.5 454.5 456.5 454 456.5 + 2 +0.5% 464 310
TRAN 3,466.5 3,464 3,531 3,458 3,516 +49.5 +1.4% 3,784 2,345
UTIL 318.5 318.5 321.5 318.4 320.5 + 2 +0.6% 334 272
VIX 19.80 20.02 20.10 18.85 18.85 -0.95 -4.8% 48.56 16.88
TECHNOLOGY/SEMICONDUCTOR/SOFTWARE
COMP 2,706 2,713 2,741 2,706 2,741 + 35 +1.3% 2,741** 1,419
NDX 2,322.5 2,322 2,348 2,322 2,348 +25.5 +1.1% 2,348** 1,129
MSH 1,169 1,169 1,182 1,167.5 1,182 +12.5 +1.1% 1,182** 480
PSE 607.5 607.5 613 607 613 + 5.5 +0.9% 612.8** 278
SOX 492 492 493.2 486.6 493 + 1 +0.2% 492.9** 190
CWX 784 784 797 784 797 + 13 +1.7% 797** 399
INTERNET/NETWORKING
DOT 640 642.7 664.3 641.2 664 + 24 +3.8% 790 144
IIX 314.5 314.8 321.6 314.8 321.5 + 7 +2.1% 358 97
GIN 502 502 511.6 501 511.5 + 9.5 + 2 % 667 114
NWX 586.5 586.5 596 586 596 + 9.5 +1.6% 596** 232
BANKS/BROKERAGE/RETAIL/CONSUMER/DRUGS/CYCLICAL
BKX 904 904 911.7 903.4 909 + 5 +0.6% 932 592
XBD 434.5 434.5 439 432.3 438.5 + 4 + 1 % 530 149
RLX 931.5 931.5 944 931 943 +11.5 +1.3% 966 588
CMR 560 560 562.5 558 562.5 + 2.5 +0.5% 574 444
DRG 378 378 380 376 380 + 2 +0.5% 425 304
CYC 601 601 604 600.7 602 + 1 +0.1% 619 392
OIL/GOLD-SILVER/COMMODITY
XOI 517 517 517.5 513.5 517.5 + .5 +.06% 526 377
OSX 76 76 77.5 76 77 + 1 +1.6% 92 47
XAU 66.8 66.5 67.2 66.5 67 + .20 +0.4% 87 49
CRX 215.5 215.5 216.5 214.8 216.5 + 1 +0.4% 229 149
30 YR. BOND YIELD
TYX 6.013% - 6.028% 5.988% 6.001%
MARKET INDEX LABORATORY, July 2, 1999 (PAGE 2)
MISCELLANEOUS INDICES
AIRLINES/TOBACCO/CHEMICAL/INSURANCE/YEAR 2000
XAL 167 167 171.5 166.4 171 + 4 +2.3% 204 116
TOB 293 293 295.7 291.8 295 + 2 +0.6% 326 236
CEX 512.5 512.5 520.7 512.7 520 + 7.5 +1.4% 547 402
IUX 647 647 659.5 646.8 658 + 11 +1.7% 710 471
YTK 213 213 214 212 214 + 1 +0.6% 237 144
***PLEASE NOTE*** DOW finally joins in on the party of new all
time highs as market moves ahead on record low volume trading day.
Recognition well deserved of little followed CWX and NWX as these
two indices continue to outpace the market to new highs. Maybe we
have little time later today to highlight stocks in these two indices
and find gem or two poised to play catch-up and outperform its
peer group in the latest (last?)blow-off.
NET Stocks continue soaring ahead as DOT leads the way. BKX wants its
old high real bad and is short distance away. One strong day in bond
market should carry this index to new momentum highs. C and
Buffet's favorite WFC are outright steal of a deal here. RLX is
banging on new highs. Once this breaks new highs look to take some
profits and money off the market table. Seldom discussed XAL is
moving ahead and maybe ready for additional 10% gains as consumers
book flights and travel prior to 2000.
Best, J.T.
