3/16/2010

Market Wrap

Dow Industrials 10685.98 +43.83 +0.41%
S&P 500 1159.46 +8.95 +0.78%
Nasdaq Comp. 2378.01 +15.80 +0.67%
Russell 2000 679.58 +5.17 +0.77%
NYSE Comp. 7426.64 +75.68 +1.03%
Nasdaq 100 1932.24 +12.15 +0.63%
Dow Transports 4374.12 +42.86 +0.99%
Dow Utilities 382.77 +3.98 +1.05%

Internals were positive, with volume a bit better than yesterday. Advances/declines were 14 to 5 on the NYSE and 5 to 3 on the Nasdaq, with up/down volume 5 to 1 on the NYSE and 2 to 1 on the Nasdaq. New highs/lows were 414/2 on the NYSE and 207/13 on the Nasdaq.

Leaders — Metals (+2.79%), Steel (+2.75%), Paper (+2.72%), Semis (+2.69%), Gold/Silver (+2.66%), REITs (+2.37%), Hospitals (+1.82%), Oil Services (+1.69%)
Laggards — Biotechs (-1.37%), Airlines (-0.23%), Health Care Products (+0.07%), Software (+0.16%), Health Care (+0.22%), Comp. Hardware (+0.25%), Defense (+0.36%), Drugs (+0.39%)

Treasury Yields — 6-Month: .22%,  2-Year: .91%,  5-Year: 2.35%,  10-Year: 3.65%,  30-Year: 4.59%

Energy Prices — Crude oil: $81.81/barrel,  Gasoline: $2.2786/gallon,  Natural Gas: $4.348/mmBTU

US Dollar Index — 79.639

Precious Metals — Gold: $1127.40/ounce,  Silver: $17.43/ounce,  Platinum: $1631.00/ounce

BMB Note:  
What’s there to say? The song remains the same, pretty much day after day: a technically overbought market that continues to grind higher on light volume, leaving little in the way of pullbacks/corrections for lower risk entries.

Fed day done, and it’s on to expiration Friday.

Posted: 3:14 pm

1 Comment »

  1. From Ron Sen: “RSI2, not that anyone cares, went to 99.99 on the SPY today. Frothy the Snowman has melted in sympathy.”

    Comment by BMB — 3/16/2010 @ 9:55 pm

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