What Buyers Did This Week
The three major indices are softer at the
first half of trading. Looking at the Nasdaq Composite
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$COMPQ |
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PowerRating),
it is trading in a tight range and is down by just about 6.50 to 1461.46 at
1:00PM EST. A cautious outlook from Brocade Communications
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BRCD |
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PowerRating) and
soft order figures for the chip equipment group put a lid on techs, sending the
major indexes into the minus column.
Buyers have taken the market by storm over the past couple of trading sessions,
sending the Nasdaq to its highest close in five months on Thursday and the
Dow
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$INDU |
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PowerRating) and the S&P 500
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$SPX.X |
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PowerRating) to their best
levels in almost three months.
The following sector indices are experiencing
significant strength this afternoon: Network
(
$NWX.X |
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PowerRating), Gold & Silver
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$XAU |
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PowerRating),
Food, Lodging, Pipelines. Weaker sectors are: Oil Service
(
$OSX.X |
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PowerRating), Auto
Manuf, Steel, GSTI Hardware
(
$GHA.X |
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PowerRating), Chemicals.
Engineered Support Systems
(
EASI |
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PowerRating) is
rallying up to hit a two -month high with increasing volume. EASI has a
TradingMarkets.com RS3 rating of 95.
TOO Inc.
(
TOO |
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PowerRating) is rallying up above
its 200-day moving average with increasing volume. To a 2-month high.
Ross Stores
(
ROST |
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PowerRating) is hitting a
52-week high with increasing volume.
Documentum
(
DCTM |
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Chart |
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PowerRating) is rallying higher
to a 2-month high with increasing volume. DCTM has a
TradingMarkets.com RS3 rating of 91.
Nasdaq Market Breadth
Adv: 1446 UpVol: 4161930
Dec: 1614 DnVol: 6080778
Net: -168 Net: -1918848
NYSE Market Breadth
Adv: 1589 UpVol: 47666910
Dec: 1570 DnVol: 44158421
Net: +19 Net: +3508489