The TOP 15 stocks in my dollar volume traded weighted NDX are with this they trade
50% of the NDX dollars ( at this time )
I call it the smart money stocks of the NDX, ( but I have doubts to how smart that money
really is )
As of Friday the spread on it went even more negative than the spread on the total,
that's not a good sign as it can create liquid problems in tech funds.
For more read the message ahead of this.
Message 15919621
also I have notes at the bottom of this one.
----------------
MSFT Jun 8 73.19 -0.49 -0.67% 25,933,700 43,943,456 -$2.23 -0.67% $8.24 +2.54% $333.13 4.5516 7-May-01 71.38 - 393.9B
INTC Jun 8 30.67 -0.47 -1.51% 68,338,496 56,149,816 -$2.72 -1.51% -$2.83 -1.57% $177.29 5.7807 7-May-01 31.16 - 206.3B
JNPR Jun 8 38.02 -8.61 -18.46% 55,163,400 29,316,228 -$25.90 -18.46% -$57.34 -33.39% $114.39 3.0086 7-May-01 57.08 - 12.195B
CIEN Jun 8 56.14 -5.70 -9.22% 17,519,900 26,938,272 -$16.15 -9.22% $2.44 +1.56% $159.11 2.8342 7-May-01 55.28 - 18.331B
CSCO Jun 8 20.49 -1.33 -6.10% 51,476,500 64,591,816 -$8.98 -6.10% $8.37 +6.44% $138.33 6.7510 7-May-01 19.25 - 150.0B
AMAT Jun 8 55.27 -0.75 -1.34% 13,762,000 24,256,818 -$1.92 -1.34% $11.58 +8.93% $141.33 2.557 7-May-01 50.74 - 44.942B
VRTS Jun 8 70.81 -4.43 -5.89% 4,986,100 15,046,181 -$7.29 -5.89% $5.76 +5.20% $116.58 1.6464 7-May-01 67.31 - 28.141B
QCOM Jun 8 61.24 -3.76 -5.78% 5,984,700 15,375,227 -$6.34 -5.78% $1.26 +1.24% $103.28 1.6864 7-May-01 60.49 - 46.375B
DELL Jun 8 25.69 +0.08 +0.31% 23,489,500 36,144,044 $0.30 +0.31% -$0.84 -0.85% $97.85 3.8090 7-May-01 25.91 - 67.084B
SUNW Jun 8 17.01 -1.02 -5.66% 30,852,500 47,974,456 -$5.09 -5.66% -$12.63 -12.95% $84.90 4.9914 7-May-01 19.54 - 55.398B
ORCL Jun 8 17.01 -0.32 -1.85% 21,379,300 50,497,364 -$1.70 -1.85% $0.75 +0.83% $90.54 5.3225 7-May-01 16.87 - 95.487B
JDSU Jun 8 16.05 -1.01 -5.92% 17,066,400 35,787,592 -$3.90 -5.92% -$24.22 -28.09% $62.00 3.8627 7-May-01 22.32 - 21.125B
SEBL Jun 8 48.61 -3.22 -6.21% 7,869,400 17,116,864 -$6.16 -6.21% $8.63 +10.23% $93.04 1.9141 7-May-01 44.10 - 22.027B
AMGN Jun 8 67.45 -1.37 -1.99% 3,227,200 10,186,454 -$1.47 -1.99% $5.75 +8.63% $72.33 1.0723 7-May-01 62.09 - 70.361B
BRCD Jun 8 45.09 -1.71 -3.65% 10,164,000 14,504,272 -$2.57 -3.65% $1.61 +2.43% $67.85 1.5047 7-May-01 44.02 - 10.193B
^IXIC Jun 8 2215.10 -48.90 -2.16% N/A N/A -$0.00 -2.16% $0.00 +1.91% $0.02 0.00001 7-May-01 2173.57 - N/A
^NDX Jun 8 1896.22 -67.09 -3.42% N/A N/A -$0.00 -3.42% $0.00 N/A $0.02 0.00001 7-May-01 1895.41 - N/A
QQQ Jun 8 47.35 -1.35 -2.77% 56,391,400 N/A -$0.00 -2.77% $0.00 N/A $0.00 0.00001 7-May-01 47.20 - N/A
32 symbols
Totals(USD):
-$92.13-4.74%-$43.47-2.29% $1,851.98
----------------------
Note the money spread on the top 15 is minus 2.29% relative to the index,
While the spread on the total is minus 1.39%.
While this is not a lot and can change fast ; for academic purposes
I want to point at it.
In both cases what it says is that Issues which normally don't trade
as much volume ( and are less liquid ) have the cap weighted index pushed up
above the dollar traded one.
This often happens when distribution is going on, they try to ease out of the
liquid stocks first, then latter dump the less liquid ones.
It's too close at this time to say that's happening and most of this damage
has come from ONE stock Friday..(JNPR) however if the spread gets worse
Monday and Tuesday then the NDX will build serious momentum to the down side.
==============
Jim
PS ALSO note in for the last Month the ^NDX is not as good as the
^IXIC , that's a negitive too in a bull market the NDX will do better. |
