Wednesday, October 10, 2007

Mid-Day Check

(click for larger image)
  • Overall market is under pressure with only Nasdaq positive
  • Oil is rebounding - OIH and XLE. OIH is still range bound for the past 2 weeks.
  • EWZ (Brazil) made a nice run from 10am to 11:30 = 1.2% gain, falling off now.
  • Gold - GLD and GDX made nice gaps up, possible breakout, but falling off now.
  • SMH semiconductors are weak from the open to noon. Divergence from Q's continues.
  • QQQQ - in a tight range

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