Reply #40: 1:38 Numbers. Is that the shadow of the PPT had I see? Or just a tight

[54anickel]

wrestling match between bulls and bears. Hmmm, low volumes, market breadth definitely on the bears side, yet clinging to those important technical numbers mentioned in the blather. :shrug:

Dow 10,401.35 -66.05 (-0.63%)
Nasdaq 2,028.70 -18.45 (-0.90%)
S&P 500 1,167.90 -6.65 (-0.57%)
10-yr Bond 41.38 -0.69 (-1.64%)
30-yr Bond 46.02 -0.70 (-1.50%)
NYSE Volume 996,600,000
Nasdaq Volume 1,286,993,000


1:30PM : More of the same as stocks continue to sport hefty losses... Contributing to the broad-based weakness could arguably be frustration on the part of buyers regarding little follow through despite a resurgence in M&A activity, as today's $57 bln merger between Proctor & Gamble (PG 53.85 -1.47) and Gillette (G 51.29 +5.61) comes just one day after SBC Communications (SBC 23.50 -0.17) planned $15 bln acquisition of former parent AT&T (T 19.54 +0.06)... Reports suggest that last month was the busiest December in about four years, with more than $300 bln in total worldwide deals...NYSE Adv/Dec 1226/1966, Nasdaq Adv/Dec 1013/1911

1:00PM : Indices continue to languish near their lows of the session as sellers remain an active bunch... Electronics manufacturing services (-4.0%) has led the list of laggards after Sanmina-SCI (SANM 6.24 -1.18) was downgraded to Underperform at Baird and to Neutral at CSFB following weaker-than-expected Q1 results and lowered Q2 revenue guidance... Even though issues, like slowing demand and depressed margins in SANM's components business, appear to be company specific, competitors CLS (-3.8%), FLEX (-3.3%), JBL (-1.7%) and SLR (-1.4%) have also sold off in sympathy...NYSE Adv/Dec 1301/1854, Nasdaq Adv/Dec 1023/1865

12:30PM : Little change since the last update as market internals still hold a bearish bias... Decliners on the NYSE hold an 18 to 11 advantage over advancers while declining issues on the Nasdaq hold an 18 to 10 edge over advancing issues... The ratio of up to down volume reflects a similar lead at both the Big Board and the Composite, where down volumes continue to hold a commanding lead...

The Nasdaq, which failed to hold key support at 2036 about an hour ago, continues to hover just above a secondary support level (2028), while the Dow, which is not much higher than where it ended last week (10393), also continues to linger around its secondary support level (10400)... NYSE Adv/Dec 1247/1862, Nasdaq Adv/Dec 1016/1840

And why are they not mentioning the S&P in this mini-analysis?