Friday, July 18, 2008
No Surprise, Markets Still Mixed Just Before Options Expiration
30 minutes before the close the DJIA is up 13 points. The SPX, Nasdaq, RUT and SOX are still down. Oil is down 41 cents. Coal stocks are moving lower. Ag-related POT, CF, MOS, IPI and AGU are all lower.
GOOG, BIDU and AAPL are down and weighing on the Nasdaq. RIMM has a bounced positivie into its 200 DMA.
Financial stocks are stronger XLF, FNM, FRE and C have positive gains for the day.
Moving Up: RIMM, IBM, SCHN, STRA, SOHU, UAUA
Moving Down: BIDU, PCLN, DECK, AAPL, MA, MON, X, AMZN, MTL, POT, MEE, MOS, CF, BTU, V, GRMN, NUE, CNX, NUE, USO, ESRX, AGU, EXPE, FWLT
We're headed out for the balance of the day so be sure check back Saturday for our Friday wrap...we will have important insights to share on this weeks support bounce as well as notable stocks with earnings releases next week...
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