3/17/2010

Market Wrap

Dow Industrials 10733.67 +47.69 +0.45%
S&P 500 1166.21 +6.75 +0.58%
Nasdaq Comp. 2389.09 +11.08 +0.47%
Russell 2000 683.98 +4.40 +0.65%
NYSE Comp. 7474.02 +47.32 +0.64%
Nasdaq 100 1936.22 +3.98 +0.21%
Dow Transports 4378.41 +4.29 +0.10%
Dow Utilities 384.01 +1.24 +0.32%

Internals were positive, with volume near yesterday’s levels. Advances/declines were 7 to 3 on the NYSE and 3 to 2 on the Nasdaq, with up/down volume 2 to 1 on the NYSE and 3 to 2 on the Nasdaq. New highs/lows were 627/2 on the NYSE and 293/11 on the Nasdaq.

Leaders — Paper (+5.66%), Hospitals (+1.82%), Banks (+1.67%), Commodities (+1.67%), REITs (+1.36%), Oil (+1.27%), Semis (+1.16%), Telecoms (+1.03%)
Laggards — Steel (-1.21%), Airlines (-1.14%), Disk Drives (-0.53%), Biotechs (-0.33%), Drugs (-0.09%), Gold/Silver (-0.09%), Transport (-0.07%), Homebuilders (-0.06%)

Treasury Yields — 6-Month: .23%,  2-Year: .92%,  5-Year: 2.36%,  10-Year: 3.63%,  30-Year: 4.56%

Energy Prices — Crude oil: $82.68/barrel,  Gasoline: $2.3064/gallon,  Natural Gas: $4.287/mmBTU

US Dollar Index — 79.718

Precious Metals — Gold: $1120.00/ounce,  Silver: $17.47/ounce,  Platinum: $1627.00/ounce

BMB Note:  
The market meltup was in full force this morning, but cooled off a bit in the afternoon. If you’re looking to jump on the rocket ship, be careful about how and when you do it — the longer it goes without a pullback/correction, the higher the risk is of that pullback/correction occurring.

Posted: 3:17 pm

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