, Oracle Lead Technology Sentiment Index Higher Monday

Includes: CRM, ORCL
by: Jett Winter

Monday’s major U.S. indices ended mixed with the Dow Jones down 20.18pts, the Nasdaq up .36 pts, and the S&P 500 down 1.97 pts. Stocks started strong with the Dow briefly breaking the 10,300 level, but selling set in as Greece’s debt was downgraded by Moody’s to junk status. On the technology front, the Piqqem Technology Sentiment Index was up .82 and finished in positive territory at 27.98pts lead by strong sentiment gains in the software and gaming sector. (NYSE:CRM) and Oracle (NYSE:ORCL) lead the charge with nice gains. CRM gained 5.49 to end at 24.24, while ORCL added 1.95 to end at 39.61. A sentiment rating of 25 and above is considered positive.

About the Piqqem Technology Sentiment Index

Piqqem tracks sentiment on all securities including stocks, mutual funds, ETFs, and major market indices. The Piqqem sentiment scale runs from 100 on the high end to -100 on the low end. The actual Piqqem Technology Sentiment Index is proprietary blend of technology stocks covering the hardware & networking, internet & mobile, software & gaming, and semiconductor sectors.

Disclosure: No positions