Reply #37: 11:05 numbers and yada

[54anickel]

Dow 10,852.32 +25.20 (+0.23%)
Nasdaq 2,164.97 +4.35 (+0.20%)
S&P 500 1,212.24 +2.11 (+0.17%)
10-yr Bond 42.67 +0.49 (+1.16%)
30-yr Bond 48.93 +0.53 (+1.10%)
NYSE Volume 266,004,000
Nasdaq Volume 519,644,000

11:00AM : The market averages continue tro sport modest gains despite breadth figures clinging to a bullish bias... Advancers, which held a more than 2 to 1 edge over decliners on both the NYSE and the Nasdaq in the first hour of trading, have lost some substantial ground... Advancing issues on the Big Board barely outpace decliners (15 to 14) while advancing issues hold a slim 14 to 13 margin over declining issues on the Composite...
As expected, thin volumes have also been seen across the board, with NYSE volumes hovering around 250 mln shares while Nasdaq volumes have just touched 500 mln shares for the first time this morning... NYSE Adv/Dec 1575/1400, Nasdaq Adv/Dec 1503/1305

10:30AM : Equities pull back from their highs but still show resilience near the unchanged mark... Airlines (+1.4%) continues to climb as oil prices fall ($42.05/bbl -$2.08) while retail, health care, networking, hardware, software, brokerage and consumer staples continue to show strength... Sectors showing weakness early on include energy (-1.1%), homebuilding, transportation, biotech, disk drive and telecom service...NYSE Adv/Dec 1426/1426, Nasdaq Adv/Dec 1441/1259

10:00AM : Buyers remain in control of the action as the major indices continue to show strength in the early going... Projected holiday sales growth of 4.5% over last year from the National Retail Federation (NFR) has helped spur buying interest in retail stocks... The NRF has said that shoppers came out in record numbers on Christmas Eve to boost last-minute holiday sales...

An announcement from retail giant and Dow component Wal-Mart (WMT 53.33 +0.78), claiming sales on December 26 were more than expected and that same store sales should rise between 1-3% in December, has also kept a lid on early selling pressure... NYSE Adv/Dec 1623/983, Nasdaq Adv/Dec 1606/945