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  • Wednesday, October 27, 2010 End-Of-Day Update 0 comments
    Oct 27, 2010 8:51 PM | about stocks: DIA, SPY, QQQ, XLK, SMH, VIXX

    Once again stocks had a rough beginning and eventually recovered alot of the losses lead by technology (NYSEARCA:XLK) stocks.  The Nasdaq Composite (QQQQ)was lead by the Semiconductor stocks as the Semiconductor Holders (NYSEARCA:SMH) gained 2.2% however on low volume and has gained 2.8% on a weekly basis also on low volume.  The stock market direction has been choppy and looking at the internals the DJIA (NYSEARCA:DIA) and S&P 500 (NYSEARCA:SPY) saw profit taking today that is worth noting.  The Volatility Index (VIX) was up as much as 10.6% today indicating investors were nervous but backed off finding resistance at its 50-day moving average to finish up 2.4%.  The prudent approach continues to be not to open new positions, take profits, and limit losses.


    DJIA: Down 0.4% to 11,126

    S&P 500: Down 0.3% to 1,182

    Nasdaq Composite: Up 0.2% to 2,503


    Advancing Issues: 1,035

    Declining Issues: 1,959

    Advance/Decline Ratio: .5 to 1

    New Highs: 63

    New Lows: 11

    High/Low Ratio: 6 to 1


    DJIA: 11,108/11,144

    S&P 500: 1,180/1,185

    Nasdaq Composite: 2,437/2,505


    Technology was the best performing sector up 0.3% while materials was the worst performing sector down 0.9%.

    Other Sectors:

    Consumer Discretionary down 0.6%

    Consumer Staples down 0.5%

    Energy up 0.4%

    Financials up 0.1%

    Healthcare down 0.6%

    Industrials down 0.7%

    Utilities down 0.4%

    Disclosure: No positions
    Stocks: DIA, SPY, QQQ, XLK, SMH, VIXX
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