First Time In A Month
The Dow Jones Industrial Average
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rose above 10,000 for the first time in a month. The Dow is trending above its
200-day EMA. U.S. stocks climbed after Hewlett-Packard
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software developer Intuit
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INTU |
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forecasts.
Semiconductor and oil-related shares, including Intel
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INTC |
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XOM |
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of the gain in the S&P 500 Index. One other spark that started
the move this morning was a report from the Labor Department. The report said
initial jobless claims fell last week, totaling less than 400,000 for a sixth
straight week, a sign U.S. payrolls are as lean as they will get.
The Nasdaq
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opening, found support at 1857, then rallied to a high of 1877.74 and is now
pulling back from the highs.
The Biotech HOLDRs
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BBH |
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today. The HOLDRs are trying to break above their 20-day moving
average.
The CBOE Oil Index
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positive gain today. The OIX is trying to break above its 300 resistance
level.
The Semiconductor HOLDRs
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SMH |
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move above their 45 resistance level.
Alltel
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AT |
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rally from the recent low. AT is now up 0.33 to 56.51 and has a href=”https://tradingmarkets.com.site/stocks/indicators/tools2/single_sscanner.cfm?list=1&requesttimeout=1000&symbol=AT”>3-month
relative strength rank of 20 from TradingMarkets.com.
Sage
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a move to the downside. SAGI is down 0.51 to 26.45 and carries a href=”https://tradingmarkets.com.site/stocks/indicators/tools2/single_sscanner.cfm?list=1&requesttimeout=1000&symbol=SAGI”>3-month
relative strength rank of 14 from TradingMarkets.com.
Tenet Healthcare
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THC |
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beneath a three-and-a-half month trendline. The stock is being downgraded by
Wachovia Thursday after reported insider selling by several within the company.
THC is down 2.54 to 61.20 and has a href=”https://tradingmarkets.com.site/stocks/indicators/tools2/single_sscanner.cfm?list=1&requesttimeout=1000&symbol=THC”>3-month
relative strength rank of 54 from TradingMarkets.com.
Bristol-Meyers Squibb
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BMY |
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from resistance at the 20-day moving average and a 38.2% retracement level.
BMY is now down 0.52 to 45.65 and carries a href=”https://tradingmarkets.com.site/stocks/indicators/tools2/single_sscanner.cfm?list=1&requesttimeout=1000&symbol=BMY”>3-month
relative strength rank of 7 alongside an downtrending ADX of 42 from
TradingMarkets.com.
Accredo Health
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ACDO |
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PowerRating) is pulling back from its high. ACDO has a href=”https://tradingmarkets.com.site/stocks/indicators/tools2/single_sscanner.cfm?list=1&requesttimeout=1000&symbol=ACDO”>TradingMarkets.com
RS3 rating of 93 and an uptrending ADX number of 32. ACDO is trading lower
at 53.47 down .41.