Closing numbers Dec 6,2001
Dow 10099.14-15.15(-0.15%)
Nasdaq 2054.27+7.43(+0.36%)
S&P 500 1167.10-3.25(-0.28%)
10-Yr Bond 5.003%+0.102
NYSE Volume 1,452,072,000
Nasdaq Volume 2,213,654,000
EQUITY OPTION
TOTAL EQUITY CALL VOLUME : 564260
TOTAL EQUITY PUT VOLUME : 348953
TOTAL VOLUME : 913213
EPC=0.62 Mildly overbought
Volatile day on the COMPX. Market sold off slight at the open only to rally back after the first 30 minutes. It then counter rallied to 2060 to counter rally during the 8:30 AM PST counter rally. That lasted for about a half an hour and then the market rallied to 2065, where it promptly sold off. to 2040. The afternoon counter rally took the index up to close essentially flat but above the critical break out point on the weekly down trend line. All in all an impressive day and it indicates that the selling is being meet with aggressive buying of the dips.
On the daily chart today was essenitally an indecision day. What happens today will indicate the direction for the next few days. Tomorrow will be affected by the unemployment day.
Still no confirmed sell signal on the daily COMPX chart, though it is oversold. Intra-day it is also overbought with a downside biad, but the signal is indetermine.
On the verge of a confirmed sell on the SOX daily chart. Intra-day the SOX looks like the COMPX. It is overbought with a downward bias, but the signal is indeterminate.
**************************
Updated: 07-Dec-01
General Commentary
Not sure which was more impressive -- Wednesday's 84 point
surge, or yesterday's 7 point gain... While the former was
certainly the more spectacular move, think the latter was
probably more impressive... After having rallied by 7% in
two sessions, the Nasdaq was ripe for some profit-taking...
Fact that the index/tech sector managed to shake off early
session selling attempts, and push higher into the close,
shows that demand remains strong.
Valuations may be insane, but it would be equally insane to
make a big bet against the market now that it has broken out
to the upside... There are still plenty of portfolio
managers that went into the month underweight stocks,
especially technology... As the sector/market runs away from
these folks, they are forced to chase the advance or risk
underperforming yet again... Considering the ample cash
sitting on the sidelines, there would seem to be plenty of
fuel left to ignite additional gains.
Briefing.com not arguing that it will be straight up from
here, but we also haven't seen anything to suggest that
traders won't continue to buy dips... Consequently, those
corrections that do come about will be relatively shallow
and short-lived... Reflecting the rapid change in market
psychology, corrections will also be viewed as buying
opportunities and not the beginning of the next major
downturn.
Despite their sizable gains, Briefing.com continues to favor
the larger-cap industry leaders over the second and third
tier names as these are the stocks most favored by the big
portfolio managers... Examples include Sun Micro (SUNW),
Dell (DELL), Intel (INTC), Applied Materials (AMAT), Siebel
(SEBL), Veritas (VRTS), Brocade (BRCD), Broadcom (BRCM),
eBay (EBAY), IBM (IBM), Microsoft (MSFT), EMC (EMC), Ciena
(CIEN), Nokia (NOK), Texas Instruments (TXN) and Cisco
(CSCO).
Robert Walberg
RETAIL 11 +1.0% Edit Delete Compare
DSL 6 +4.5% Edit Delete Compare
DWDM 20 +1.7% Edit Delete Compare
Low pSR Energy Stocks 12 -0.5% Edit Delete Compare
Carriers1 7 +1.2% Edit Delete Compare
Telecom Construction1 5 +6.4% Edit Delete Compare
networkers1 6 +0.9% Edit Delete Compare
Contract Manufacturers 5 -0.2% Edit Delete Compare
Telecom Equipment 18 -0.4% Edit Delete Compare
Tier 2, D-WDM 16 +1.9% Edit Delete Compare
Broadband Cable 1 8 -1.6% Edit Delete Compare
DOW 10 +0.3% Edit Delete Compare
Internet Security 20 -0.8% Edit Delete Compare
Biotechs 9 -1.8% Edit Delete Compare
CHIP EQUIPMENT 13 +0.2% Edit Delete Compare
CHIPS1 23 +0.2% Edit Delete Compare
Clint's Financials 40 +0.6% Edit Delete Compare
Genomics 9 +1.2% Edit Delete Compare
Incubators 8 +2.3% Edit Delete Compare
Internet Sector 14 +0.7% Edit Delete Compare
Flat Panel Displays 7 -1.7% Edit Delete Compare
E-Gaming stocks 8 -4.5% Edit Delete Compare
Drug Stocks 15 0.0% Edit Delete Compare
RTS Biotechs 13 +1.1% Edit Delete Compare
Gigabit 23 -0.7% Edit Delete Compare
Oil Drilers - Deep Water 13 -3.0% Edit Delete Compare
Storage 8 +1.2% Edit Delete Compare
M.L. Picks 23 -0.1% Edit Delete Compare
HOLDERS 12 -0.8% Edit Delete Compare
4 Q's of cash 20 -0.0% Edit Delete Compare
Carriers 10 +1.4% Edit Delete Compare
Wireless 6 -1.2% Edit Delete Compare
Real Estate Related 7 -0.1% Edit Delete Compare
Percentage change sort
Symbol Price Change Volume Bid/Ask Day Range
ADCT 5.56 0.59 (+11.87%) 24,013,400 5.59 - 5.62 4.89 - 5.88
ADTN 28.20 -0.60 (-2.08%) 204,600 27.70 - 28.73 27.80 - 29.05
AFCI 21.71 0.79 (+3.78%) 1,774,100 21.30 - 21.75 20.86 - 21.78
ALA 19.89 0.14 (+0.71%) 1,190,300 19.70 - 20.18
AMAT 45.48 -0.43 (-0.94%) 18,638,700 45.70 - 45.89 44.87 - 46.27
AMCC 14.69 -0.02 (-0.14%) 11,546,700 14.80 - 14.80 14.28 - 15.18
ANAD 18.31 -0.36 (-1.91%) 702,600 18.10 - 18.88 18.17 - 19.35
ANDW 23.82 1.06 (+4.66%) 577,900 23.90 - 24.28 22.63 - 23.82
ANN 31.96 1.14 (+3.70%) 2,053,300 30.20 - 33.00
AOL 34.75 -1.08 (-3.01%) 24,431,100 33.80 - 36.66
APAT 2.66 0.01 (+0.38%) 27,300 2.66 - 2.70 2.62 - 2.77
ASYS 7.95 0.16 (+2.05%) 29,300 8.11 - 8.45 7.70 - 8.45
AVCI 3.16 0.34 (+12.06%) 5,473,100 3.20 - 3.24 2.65 - 3.35
AVNX 7.69 -0.03 (-0.39%) 601,500 7.75 - 7.98 7.60 - 8.10
AXP 35.16 0.55 (+1.59%) 4,655,000 34.10 - 35.44
BKB 43.38 0.00 (+0.00%) 100 41.44 - 44.12
BKHM 2.50 -0.10 (-3.85%) 127,400 1.25 - 2.60 2.46 - 2.63
BRCD 38.66 1.86 (+5.05%) 20,465,800 38.81 - 38.94 36.55 - 39.20
BRCM 48.28 -1.21 (-2.44%) 14,666,600 48.55 - 48.58 47.51 - 50.12
CIEN 19.56 -0.81 (-3.98%) 26,987,500 19.88 - 19.89 19.17 - 20.95
CMGI 2.04 -0.08 (-3.77%) 3,852,800 2.05 - 2.06 2.01 - 2.20
CMTN 1.85 0.10 (+5.71%) 545,000 1.80 - 1.88 1.71 - 1.90
CNXT 17.48 -0.02 (-0.11%) 8,931,800 17.69 - 17.70 17.05 - 17.78
COVD 0.83 -0.05 (-5.68%) 779,200 0.83 - 0.84 0.83 - 0.90
CPWR 12.71 0.06 (+0.47%) 2,801,800 12.55 - 13.00 12.40 - 12.83
CSCO 21.79 0.25 (+1.16%) 73,077,400 21.90 - 21.96 21.30 - 21.90
CYMI 26.75 0.14 (+0.53%) 321,400 26.80 - 27.14 25.75 - 26.98
DIS 22.54 0.89 (+4.11%) 11,895,200 21.50 - 22.62
DITC 5.39 0.19 (+3.65%) 152,500 4.50 - 5.39 5.21 - 5.58
EMKR 16.51 2.09 (+14.49%) 874,900 16.40 - 17.00 14.20 - 17.04
ESST H 21.93 0.46 (+2.14%) 993,000 21.72 - 22.02 20.90 - 22.08
EXDS 0.17 0.00 (+0.00%) 0.18 - 0.17
EXTR 17.00 -0.16 (-0.93%) 8,510,100 17.15 - 17.24 16.90 - 18.40
FDRY 10.97 0.86 (+8.51%) 5,771,300 11.20 - 11.24 10.22 - 11.33
FDX H 49.44 -0.01 (-0.02%) 2,536,100 48.87 - 50.10
FFIV 25.10 0.00 (+0.00%) 497,600 24.53 - 25.48 24.53 - 25.30
GE 37.75 0.20 (+0.53%) 19,367,700 37.55 - 38.39
GLM 14.98 -0.24 (-1.58%) 2,108,300 14.60 - 15.24
GLW 10.24 0.14 (+1.39%) 13,650,800 272.23 - 272.70 10.04 - 10.41
GNSS H 60.42 -3.12 (-4.91%) 4,574,500 61.00 - 61.50 59.55 - 65.53
GPS 14.20 0.62 (+4.57%) 15,272,000 12.20 - 14.38
HIFN 18.78 0.05 (+0.27%) 156,100 18.53 - 19.25 17.42 - 19.27
INKT 6.61 0.79 (+13.57%) 11,723,200 6.48 - 6.66 5.70 - 6.63
INTC 34.16 -0.45 (-1.30%) 58,446,900 34.61 - 34.68 33.75 - 34.78
IOM 6.79 -0.10 (-1.45%) 192,200 6.75 - 7.00
ITWO 6.90 0.16 (+2.37%) 23,551,600 6.93 - 6.95 6.55 - 7.48
JBL 30.56 0.30 (+0.99%) 2,059,600 29.62 - 30.80
JDSU 11.13 -0.30 (-2.62%) 30,686,400 11.23 - 11.25 11.01 - 11.55
JNJ 55.67 -0.93 (-1.64%) 12,811,900 55.51 - 57.25
JNPR 26.91 1.26 (+4.91%) 24,717,700 27.15 - 27.15 25.67 - 27.84
KOPN H 18.41 0.21 (+1.15%) 1,288,400 18.28 - 18.80 17.80 - 19.05
LU 8.40 0.14 (+1.69%) 28,522,300 8.17 - 8.68
MCDT 28.85 -1.05 (-3.51%) 1,511,200 28.85 - 28.95 28.50 - 30.30
MER 53.98 1.46 (+2.78%) 6,516,000 37.47 - 37.80 52.76 - 54.65
MERQ 35.00 -0.78 (-2.18%) 3,248,700 35.20 - 35.30 34.80 - 36.51
MONI 1.22 0.03 (+2.52%) 1,557,100 1.21 - 1.23 1.16 - 1.25
MOT 17.30 -0.59 (-3.30%) 20,289,100 17.00 - 17.89
MRVC 5.11 -0.23 (-4.31%) 763,900 5.21 - 5.50 5.11 - 5.50
MRVL 38.46 0.73 (+1.93%) 3,545,800 38.06 - 39.34 36.59 - 39.20
MSFT 68.65 0.55 (+0.81%) 28,016,800 69.00 - 69.05 67.55 - 69.00
MTZ 5.49 0.13 (+2.43%) 100,400 5.27 - 5.49
MWD 57.05 1.18 (+2.11%) 4,649,200 55.31 - 57.65
NE 30.53 -1.02 (-3.23%) 1,560,300 30.20 - 31.57
NEWP 19.98 0.02 (+0.10%) 775,800 19.98 - 20.99 19.41 - 20.24
NT 8.99 0.48 (+5.64%) 23,061,700 8.50 - 9.92
NUFO 4.60 0.06 (+1.32%) 827,600 4.50 - 4.75 4.48 - 4.75
NVLS 44.80 -0.70 (-1.54%) 8,023,400 44.84 - 45.13 43.76 - 45.68
ONIS 8.32 -0.23 (-2.69%) 6,414,200 8.50 - 8.60 8.07 - 9.29
OPWV 11.35 -0.24 (-2.07%) 4,453,300 11.46 - 11.60 11.35 - 12.09
PHTN 43.16 -0.07 (-0.16%) 450,400 42.52 - 43.88 42.45 - 43.40
PMCS 29.24 1.86 (+6.79%) 12,070,900 29.28 - 29.54 26.95 - 29.32
PSFT 41.00 0.40 (+0.99%) 11,664,200 41.05 - 41.23 39.45 - 42.00
Q 11.92 0.02 (+0.17%) 14,861,000 27.71 - 0.67 11.91 - 12.22
QCOM 60.04 -1.95 (-3.15%) 14,864,100 60.22 - 60.39 59.67 - 61.77
RFMD 26.03 -1.10 (-4.05%) 6,826,100 26.10 - 26.26 25.74 - 27.15
RIG 30.20 -0.65 (-2.11%) 4,185,200 29.45 - 30.88
RMBS 9.17 -0.18 (-1.93%) 1,596,500 9.26 - 9.33 9.02 - 9.44
RNWK 6.95 -0.18 (-2.52%) 1,700,500 6.97 - 7.05 6.85 - 7.31
RSTN 17.73 0.50 (+2.90%) 3,185,700 17.80 - 18.20 17.32 - 18.30
SCH 15.84 0.35 (+2.26%) 5,436,700 15.30 - 15.90
SCMR 5.44 -0.01 (-0.18%) 2,907,500 5.46 - 5.53 5.31 - 5.73
SDC 22.72 -0.37 (-1.60%) 841,000 22.08 - 23.00
SEBL 25.27 0.47 (+1.90%) 16,473,200 25.26 - 25.39 24.45 - 26.01
SHOO 12.30 0.05 (+0.41%) 206,100 11.87 - 12.69 12.07 - 12.35
SONS 6.18 0.46 (+8.04%) 15,124,100 7.10 - 7.14 5.95 - 6.47
SUNW 14.15 -0.42 (-2.88%) 70,977,000 14.18 - 14.18 13.95 - 14.50
SVGI 34.76 0.00 (+0.00%) 34.51 - 34.85
TDW 29.67 -0.64 (-2.11%) 703,600 29.42 - 30.38
TELM 8.55 -0.08 (-0.93%) 5,075,100 8.45 - 8.60 8.35 - 9.20
TER 32.55 0.44 (+1.37%) 2,967,800 31.62 - 33.00
TLAB 17.13 0.51 (+3.07%) 9,776,900 17.24 - 17.52 16.58 - 18.13
TQNT 16.95 -0.42 (-2.42%) 4,300,600 17.10 - 17.20 16.70 - 17.68
TXCC 4.71 0.18 (+3.97%) 2,256,500 4.80 - 4.87 4.36 - 4.88
UTEK 16.27 -0.23 (-1.39%) 291,800 15.70 - 16.54 15.70 - 17.01
VERT 1.64 -0.08 (-4.65%) 495,300 1.60 - 1.74 1.60 - 1.80
VRSN 42.93 2.60 (+6.45%) 11,820,400 43.05 - 43.15 40.41 - 43.59
VTSS 14.84 0.56 (+3.92%) 13,365,800 15.01 - 15.09 14.05 - 15.50
WCG 2.27 -0.11 (-4.62%) 3,123,000 2.26 - 2.46
WIND 18.52 0.35 (+1.93%) 1,297,700 17.91 - 19.30 17.95 - 18.52
YHOO 19.02 1.96 (+11.49%) 30,756,500 18.80 - 19.00 17.27 - 19.50 |
