TradingMarkets’ Mid-Day Movers

Stocks have continued the rally that
began in the final half-hour of trading yesterday.
The top story
today was the September Employment Report released before the market opened
(read Joe Corona’s column on how to trade the report

here
).

The Department of Labor reported that Non-Farm Payrolls fell
-35,000, the consensus estimate was for a fall of -150,000 (economists showing
yet again why it’s called the “dismal” science). The Unemployment Rate was 5.1%,
slightly worse than the 5% forecast. U.S. Treasuries are trading slightly lower
after an initial spike down following the report.

November Crude Oil ($61.65) is trading slightly higher after
hitting a 2-month low yesterday but all the other energy futures are trading
lower. The oil and natural gas sectors are performing strongly.

Chemicals are also moving higher, while only the Airline,
Biotech and Insurance sectors are in the red.

Stocks On The Move

Steven Madden
(
SHOO |
Quote |
Chart |
News |
PowerRating)
is rising more than 10%
on positive guidance released before the start of trading, moving to a new
52-week high. Vail Resorts
(
MTN |
Quote |
Chart |
News |
PowerRating)
, which reported quarterly results on
Wednesday, has jumped above resistance levels to reach a new peak.

Shares of Delphi
(
DPH |
Quote |
Chart |
News |
PowerRating)
have lost about a third of their value on reports
about talks with United Auto Workers union and a possible bankruptcy filing,
taking them to a new 52-week low. Meanwhile, UTStarcom
(
UTSI |
Quote |
Chart |
News |
PowerRating)
has broken to
a fresh nadir on lowered third-quarter revenue. TASER
(
TASR |
Quote |
Chart |
News |
PowerRating)
has continued
its recent drift lower, extending its lows.


Dow
+19.05 10,306.15

NASDAQ
+7.69 2091.77

S&P 500
+4.52 1196.01
NYSE NASDAQ

Volume
947,247,000 701,805,000

Advances
1724 1550

Declines
1332 1198

Up Volume
542 336

Down Volume
305 307

New Hi’s
24 31

New Lo’s
69 56

 


Strongest Sectors

Weakest Sectors

Natural Gas
(
XNG |
Quote |
Chart |
News |
PowerRating)
Airlines
(
XAL |
Quote |
Chart |
News |
PowerRating)
Oil Index
(
XOI |
Quote |
Chart |
News |
PowerRating)
Insurance
(
IUX |
Quote |
Chart |
News |
PowerRating)
Chemical
(
CEX |
Quote |
Chart |
News |
PowerRating)
Biotech
(
BTK |
Quote |
Chart |
News |
PowerRating)

Ashton Dorkins

ashtond@tradingmarkets.com