TradingMarkets Mid-Day Movers

Markets trade mixed despite higher than expected GDP
numbers.  Crude oil futures trade lower down by
1.2% to $68.83.

Tuesday’s
action on the S&P and Nasdaq indices included Advancers beating Decliners for 3
straight sessions.  Historically, this has been a signal that the market
will be quiet or drop.  It will be interesting to see if we get more
bearish signals today/this week since the S&P is near the top of the recent
trading range (click
here for more info
).

href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>
Stocks on the
Move

Costco August Comps. Rises 7%, Net Sales Up
11%; Lowers Q4, FY06 EPS Outlook Below Consensus (full
story
).  COST shares sink by nearly 5%.

Altria Boosts Regular Quarterly Dividend By
7.5% (full
story
).  MO shares are trading fractionally lower this morning.

Talx, AT&T Announce Three-year Networking
Contract (full
story
).  TALX shares are up 4.25%.  T shares up fractionally.

Dycom Industries Inc. Exceeded The Q4 Consensus
(full
story
). DY shares jump nearly 8%.

Micros Systems Inc. Posted Better Than Expected
Q4 Results (full
story
).  MCRS shares surge over 20%.

For more stories as they happen, go to our href=”https://tradingmarkets.com.site/news/Breaking%20News/”>Breaking
News
section.



Market Snapshot

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Dow

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-1.44

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11,368.50

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NASDAQ

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+5.59

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2,177.89

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S&P 500

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-1.24
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1,303.04

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size=2>NYSE

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size=2>NASDAQ

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Volume

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834,174,000

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682,592,000

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Advances

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2077

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1746

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Declines

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983

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1007

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Up Volume

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461

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453

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Down Volume

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265

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147

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New Hi’s

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173

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80

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New Lo’s

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19

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20



Strongest/Weakest Sectors

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Strongest
Sectors


Weakest
Sectors

Nasdaq Combined Finance Index (OFIN) OSX Index (OSX)
GSTI Multimedia
Index (GIP)
Oil Index (XOI)
Morgan Stanley
Health Provider Index (HMO)
CBOE Oil Index (OIX)

href=”https://tradingmarkets.com.site/news/Economic%20News/”>
Economic
News

Economy Grew Faster Than Previously Estimated In Q2
(full
story
).

EIA – Crude Up 2.4
Mln. Barrels; Gasoline Up 400K Barrels; Distillates Up 1.3 Mln. Barrels

ADP Nonfarm
Private Employment Up 107K

Fed’s Fisher:
Inflation Indicators Not Well Behaved

Fed’s Fisher:
Housing Slowdown May Lead To More Balanced Economy

Mortgage
Applications Down 22.4% Compared To This Time Last Year

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Darren Wong

darrenw@tradingmarkets.com


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Use our
most
popular trading tool
to find out how your stocks will move in the next 5
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Adv.
Issues > Dec. Issues 3 Days In A Row-
Too many stocks rising in one
day or over multiple days usually precede a market that will be quiet or drop.
Too many stocks declining in one day or over multiple days usually precede a
market rally, especially when the market is above its 200 day ma.

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