Markets-DJIA -10603.15 DJT -4148.53 DJU -399.56
Market Internals-
NYSE-Last week's selloff is still in play. After yesterday's rally, we had another selloff. 811 issues advanced with 2,257 selling off. From 316 highs on Tues, we managed only 156 new highs. But only 2 shares managed to make 52 wk lows. Activity picked up by 20m shares to 1,055,872,099. 233,721,300 shares advanced with 813,147,320. Top 100 shares traded-#1, Citigroup, at 478,497,184. #5, Wells Fargo, 75,704,680. #10, Alcoa, again, with shares increasing by 1m on a down day, to 35,655,347. #50, Coach, the handbag retailer, 15,018,842. #100, SuperValu, 8,691,459. Notes- After posting bad earnings report, Krogers and the rest of the grocery store sector are rallying nicely. Financials stayed strong as well. Healthcare stocks sold off more along the lines of profit taking.
NASDAQ-723 advanced on 1948 declines. 76 managed to make new highs while lows doubled from yesterday to 8. There was heavier activity in the Nasdaq as volume increased over 10% 2,351,892,514 changed hands. 608,803,240 on the upside and 1,721,295,454 on the downside. Tope 100 shares traded - #1, not Intel and not Microsoft, but Sirius which had a flat day yesterday. Today was up big with 145,571,986. #5, Micron, 42,198,335. #10, Schwab, 28,242,712. #50, Broadcom 9,519,730. #100, PMC Sierra, 4,729,786. Notes-ACAS and other speculative financials stayed strong.
Diary-I believe I need my head to be clear. The dollar rallied and the market has been up a lot. So think taking money off the table to gradually reload on positions may be prudent. Energy sold off but not the natural gas producers which may be related to Williams Co. Groceries stayed strong today.
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