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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