Where The Relief Is Coming From…
Traders were looking for bargains on Wall
Street today, pushing major averages higher and giving investors a break from
the waterfall of red that had beaten major indexes to their lowest levels in
half a decade.
In midday trading, the Dow Jones Industrial Average
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positive. Total volume traded is once again heavy. NYSE volume has edged above
the 1.5 billion mark and there is a possibility that the 3.0 billion share
mark could get hit. NYSE volume beat the Nasdaq volume yesterday. Today’s
NYSE volume is leading Nasdaq volume. The Nasdaq
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$COMPQ |
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today, but is being held back by Semiconductors
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Networking, Wireless and Telecom. Total volume on the
Nasdaq is also notably heavy with 1.3 billion shares traded so far.
Strong Sectors on the day include: Health, Oil Service
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Software
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Retail
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Some of the positive gainers on the day are:
Sigma Aldrich
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SIAL |
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DGX |
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Healthcare
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TGH |
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PowerRating), Molex Incorporated
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MOLX |
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Lifesciences
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EW |
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HCA |
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ATH |
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Electronic Arts
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ERTS |
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Some of the more notable laggards are: Eli
Lilly
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LLY |
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AOL |
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COX Communications
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COX |
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CVC |
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Nasdaq Breadth
Adv: 1318 UpVol: 5637826
Dec: 2070 DnVol: 6998982
Net: -752 Net: -1361156
NYSE Breadth
Adv: 1419 UpVol: 99850981
Dec: 1863 DnVol: 62617337
Net: -444 Net: +37233644