Will These Four Positive Sectors Impact The Market?
The Dow Jones Industrial Average
(
$INDU |
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Chart |
News |
PowerRating)
immediately ran to the highs of the day at 10261.88 within the first hour of
today’s trade. It then pulled down to test support at 10,200 and is now is
trading below that level. The Dow rose after Dell
Computer
(
DELL |
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News |
PowerRating) and Bed Bath & Beyond
(
BBBY |
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PowerRating) raised their
forecasts and President George W. Bush urged Israel to withdraw its troops from
Palestinian territories.
The S&P 500
(
$SPX |
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News |
PowerRating) is up 0.88 to 1126.36. A plunge in Bristol-Myers Squibb
(
BMY |
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PowerRating)
is limiting
the advance.
The Nasdaq Composite Index
(
COMPQ |
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News |
PowerRating)
added 2.89 to 1787.45 early, but now is trading negative.
The
S&P Retail Index $RLX.X|$RLX.X] is the strongest sector on the day, up
1.36%. Some of the stronger stocks in the sector today are Autozone
(
AZO |
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PowerRating),
Bed Bath & Beyond
(
BBBY |
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Chart |
News |
PowerRating), Costco
(
COST |
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Chart |
News |
PowerRating), Federated Department Stores
(
FD |
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News |
PowerRating)
and Home Depot
(
HD |
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News |
PowerRating).
The PHLX Bank Sector
(
$BKX.X |
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Chart |
News |
PowerRating) is
trading positive today. Some of the stocks that are helping push the Bank Sector
are Wells Fargo & Co
(
WFC |
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Chart |
News |
PowerRating), Bank One
(
ONE |
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Chart |
News |
PowerRating), Washington Mutual
(
WM |
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News |
PowerRating),
Comerica
(
CMA |
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Chart |
News |
PowerRating) and Golden West Financial
(
GDW |
Quote |
Chart |
News |
PowerRating).
The PHLX Semiconductor
(
$SOX.X |
Quote |
Chart |
News |
PowerRating) is
positive on the day. Some of the stocks in the SOX that are positive today are
Kla-Tencor
(
KLAC |
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Chart |
News |
PowerRating), Maxim Integrated Products
(
MXIM |
Quote |
Chart |
News |
PowerRating), Applied
Materials
(
AMAT |
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Chart |
News |
PowerRating) and Novellus Systems
(
NVLS |
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Chart |
News |
PowerRating).
The PHLX Utility Sector
(
$UTY.X |
Quote |
Chart |
News |
PowerRating) is
trading positive today up 2.08 to 342.56. Some of the stocks that are helping
push the Utility Sector up are Duke Energy
(
DUK |
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Chart |
News |
PowerRating), Dominion Resources
(
D |
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Chart |
News |
PowerRating)
and American Electric Power
(
AEP |
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Chart |
News |
PowerRating).
Apache Corp.
(
APA |
Quote |
Chart |
News |
PowerRating) is pulling back after a
nice move higher. APA is now down 0.97 to 56.76 and is carrying a
3-month relative strength rank of 83 from TradingMarkets.com.
Patterson Dental
Supply Company
(
PDCO |
Quote |
Chart |
News |
PowerRating) is hitting an all–time high. PDCO has a
TradingMarkets.com RS3 rating of 81 and an uptrending
ADX of 31.
PF Chang’s
(
PFCB |
Quote |
Chart |
News |
PowerRating) is threatening to break
out above a slanted triple top. PFCB is holding a
3-month relative strength rank of 91 along with an uptrending
ADX of 40 from TradingMarkets.com.
Cymer
(
CYMI |
Quote |
Chart |
News |
PowerRating) is attempting to break
out above resistance and obtain a 52-week high. Look for strong volume to
support the breakout. CYMI has a
TradingMarkets.com RS3 rating of 98 and an uptrending
ADX
of 33.
Advanced Energy Industries
(
AEIS |
Quote |
Chart |
News |
PowerRating) is
pulling back from its recent high. AEIS is holding a
3-month relative strength rank of 88 along with an uptrending
ADX of 31 from TradingMarkets.com.