Tuesday, August 19, 2008

Financials Weak...Energy, Coal, Gold, Steel and Ag Stronger

11:45 ET DJIA -132...SPX -12...Nasdaq -23...RUT -10...SOX -5...Oil +$0.26 In early trading financials, consumer discretionary and industrial sectors continue to be weak while the energy, coal, steel, gold and Ag-related stocks are stronger. Weak financials and strong energy has over the past several weeks been a combination that has led to lower price action for the broad indices and that is the case this morning. Watch whether price action stays above or breaks below support levels. Tuesday's Early Action Moving Up: POT, MA, CNX, MEE, BTU, MOS, X, AGU, ANR, AEM, CLF, GDX, CF, BIDU, SOHU, CLF, FSLR, AAPL, FMCN, LDK Moving Down: DECK, IBM, MS, PCLN, ONXX, CELG, NIHD, AMLN, PNRA, LAMR, WRC, RIMM, COH, BRC, INFY, LCC, DRYS, GS, LEH, MER,V

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