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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: fedhead who wrote (13539)	8/19/2002 8:03:17 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 57684

what was your source for LEI? (I read somewhere - can't find it now- that expectations for July were -0.5%) The impact from these developments was generally short lived. The tide began to turn before the Leading Economic Indicators data at 10 ET but the advance clearly accelerated after the release. The July report come in above consensus at -0.4% with June revised down to -0.2% vs 0.0%. While negative, these reports were impacted by the summer stock plunge. A technical factor in the advance was the ability of the averages to push above their respective 50 day moving averages (stymied Dow and S&P rally the last few sessions) for the time in several months. Retail has played an important role today with stronger than expected EPS reports from LOW +9.5% and TOY +8.4% helping to underpin. Volume is light with many market participants taking advantage of the last few days of summer with market internals firmly bullish. DOT +2.6%, SOX +2.4%, XOI +0.1%, NYSE Adv/Dec 1982/1090, Nasdaq Adv/Dec 1781/1232