Wednesday, December 24, 2008

Markets Move Higher on Christmas Eve

DJIA + 48.99, +0.58% SP500 + 2.26, +0.26% NASDAQ Comp. + 3.36, +0.22% Russell 2000 + 1.85, +0.39% Exchange NYSE NASD Advancing 2,150 1,441 Declining 1,489 1,284 Oil $35.35 -$3.63 Gold $847.30 +$9.90 SOX 202.89 +2.02 VIX 44.21 -0.81 Strongest Sectors: XLF +2.17%...XLP +0.87%...XLY +0.73% Weakest Sectors: XLE -0.38%...XLV -0.35%...XLB +0.09% Sector Watch Up Trending: Sideways: XLE, XLP, XLU, XLY, XLV, XLI, XLB, XLK Down Trending: XLF The broad indices rose on light volume in a half day of trading on Wednesdy. Next week will be a holiday shortened trading week also. The VIX confirmed the SPX move up on Wednesday. Stocks to Watch on Friday Leading Stocks: Holding Above 30 DMA AYE…PCLN…BAP…DLTR…FLR…JCOM…JEC…PCR…ATK…B…IRIS…SNA…WMS…HAS…JOSB…AMZN…BIIB…BYI…HDB…LFC…PSSI…AMX…CERN…FWLT…MTW…QSII…VMI…OI…CHU…FLS…BCO…NDAQ…ROST…VIVO…AET…ESRX…UTX…APH…CAM…CCC…CIR…CL…DECK…DV…EPR…ESI…GES…GILD…JW.A…MYGN…NILE…NOV…PCP…ACL…BLUD…DNA…HLF…OSIP…AGN…CHTT…KEX…LAYN…RCI… CELG…NEU Moving Above 30 DMA = 8 ANSS…CBST…FLIR…GME…NIHD…PSYS…RIO…SHW Moving Below 30 DMA = 4 AFAM…MBT…PRGO…RIMM Staying Below 30 DMA SWN…MMM…PETS…STRA…BCR…AME…GIS…PTNR…TECH…AXYS…MON…MTD…URBN…ICLR…LNN...AAPL…TECH…CTSH…EZPW…FSTR…MCRS…MOS…NGS…POT…PPD…RTN…SINA…SOHU…SPN…TEVA…WCG… SPTN…WAB Wednesday’s Action Moving Up: MON, GS Moving Down: FSLR, AFAM, ANR, POT, SCHN, BTU, CLF, ESRX, V Intermediate Term Market Trend: Neutral – DJIA, SPX, Nasdaq, RUT Short Term Market Trend: Down

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