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The markets were relatively quiet ahead of key data to be released this week, with the Dow and the Nasdaq closing slightly up, and the S&P 500 closing slightly down. Volume was below-average, as semiconductor and Internet issues led with modest gains, and oil and biotechnology stocks the biggest losers. The semiconductor and broker/dealer indexes challenged, and closed right near their 50-day moving averages. Stocks on our watch list were mixed.
Market breadth was slightly positive, with NYSE advancing issues over declining issues by a ratio of 1.13, and down volume over up volume by a 1.01 ratio. Nasdaq advancing issues over declining issues came in at 1.05, and up volume beat down volume by a 1.27 ratio.
The Dow Jones Industrial Average
($INDU | Quote | Chart | News | PowerRating) closed up
0.26% to
9,865.75. The S&P 500 ($SPX | Quote | Chart | News | PowerRating)
closed down
0.08% to
1,132.42.
The Nasdaq ($COMPQ | Quote | Chart | News | PowerRating) closed up
0.32% to
1,943.94.
| NYSE | NASDAQ | |
| Advancing Issues | 1,667 | 1,826 |
| Declining Issues | 1,472 | 1,728 |
| Advancing Volume | 573,575,000 | 810,586,000 |
| Declining Volume | 580,447,000 | 636,551,000 |
| Total Volume | 1,167,322,000 | 1,465,539,000 |
| New 52-week Highs | 37 | 23 |
| New 52-week Lows | 6 | 4 |
Top sectors:
Nasdaq Combined Transport Index ($TRANX.X | Quote | Chart | News | PowerRating) up 2.26% at 1387.85
Semiconductor Sector Index ($SOX.X | Quote | Chart | News | PowerRating) up 1.84% at 545.82.
Losing sectors:
Oil Service Sector Index ($OSX.X | Quote | Chart | News | PowerRating) down 2.98% at 81.93.
Biotechnology Index ($BTK.X | Quote | Chart | News | PowerRating) down
2.95% to 51.20.
Sectors With New Highs:
Regional Banks - 7 - (FVB | Quote | Chart | News | PowerRating), (MRBK | Quote | Chart | News | PowerRating), (VLY | Quote | Chart | News | PowerRating), (CBH | Quote | Chart | News | PowerRating), (CYN | Quote | Chart | News | PowerRating), (BXS | Quote | Chart | News | PowerRating), (ASO | Quote | Chart | News | PowerRating).
REITs - 7 - (EPR | Quote | Chart | News | PowerRating), (CLP | Quote | Chart | News | PowerRating), (SHU | Quote | Chart | News | PowerRating), (PSA | Quote | Chart | News | PowerRating), (MAC | Quote | Chart | News | PowerRating), (MHC | Quote | Chart | News | PowerRating) (GGP | Quote | Chart | News | PowerRating).
Construction - 5 - (NVR | Quote | Chart | News | PowerRating), (SHLR | Quote | Chart | News | PowerRating), (BZH | Quote | Chart | News | PowerRating), (DHI | Quote | Chart | News | PowerRating), (LEN | Quote | Chart | News | PowerRating).
Business Services - 5 - (PXR | Quote | Chart | News | PowerRating), (EEFT | Quote | Chart | News | PowerRating), (REY | Quote | Chart | News | PowerRating), (GTK | Quote | Chart | News | PowerRating), (DRIV | Quote | Chart | News | PowerRating).
Health Care - 5 - (RIT | Quote | Chart | News | PowerRating), (TGH | Quote | Chart | News | PowerRating), (OHP | Quote | Chart | News | PowerRating), (ATH | Quote | Chart | News | PowerRating), (UNH | Quote | Chart | News | PowerRating).
Packaging and Containers - 4 - (PEAK | Quote | Chart | News | PowerRating), (IXX | Quote | Chart | News | PowerRating), (BLL | Quote | Chart | News | PowerRating), (OI | Quote | Chart | News | PowerRating),
Apparel Stores - 3 - (URBN | Quote | Chart | News | PowerRating), (CHS | Quote | Chart | News | PowerRating), (ROST | Quote | Chart | News | PowerRating).
Restaurants - 4 - (CMPP | Quote | Chart | News | PowerRating), (PFCB | Quote | Chart | News | PowerRating), (CKR | Quote | Chart | News | PowerRating).
Internet - 3 - (TREE | Quote | Chart | News | PowerRating), (TMCS | Quote | Chart | News | PowerRating), (SYMC | Quote | Chart | News | PowerRating).
Watch List Action
Direct Focus Inc. (DFXI | Quote | Chart | News | PowerRating) closed the day unchanged on below-average volume. The stock has been consolidating after gapping up on 1/23.
Genesis Microchip (GNSS | Quote | Chart | News | PowerRating) was our biggest gainer of the day, rising 7.26% on slightly above-average volume. The stock still remains below its 50-day moving average.
Recent Breakouts
We monitor the action of Recent Breakouts as an indicator of the market health for IT traders. When breakouts are acting well, this is a good sign for the likelihood of further sustainable breakouts. When breakouts are failing, IT traders should be even more cautious.
American Healthways Inc. (AMHC | Quote | Chart | News | PowerRating), down 2.92% on average volume for a distribution day.
Copart Inc. (CPRT | Quote | Chart | News | PowerRating), up 4.15% on below-average volume for an accumulation day.
MTR Gaming Group (MNTG | Quote | Chart | News | PowerRating), up 3.38% on below-average volume.
PEC Solutions (PECS | Quote | Chart | News | PowerRating), down 2.90% on below-average volume for a distribution day.
Nvidia Corp. (NVDA | Quote | Chart | News | PowerRating), up 3.84% on below-average volume for an accumulation day.
Panera Bread Co. (PNRA | Quote | Chart | News | PowerRating), up 3.12% on above-average volume for an accumulation.
| Company Name | Symbol | 12 Month RS | Price | Price Change | Average Volume |
| American Healthways Inc. | (AMHC | Quote | Chart | News | PowerRating) | 97 | 28.50 | - 0.86 | 313,200 |
| Copart Inc. | (CPRT | Quote | Chart | News | PowerRating) | 87 | 23.06 | + 0.92 | 1,000,300 |
| Direct Focus Inc. | (DFXI | Quote | Chart | News | PowerRating) | 92 | 36.50 | + 0.00 | 907,800 |
| Genesis Microchip | (GNSS | Quote | Chart | News | PowerRating) | 98 | 60.25 | + 4.08 | 3,050,000 |
| MTR Gaming Group | (MNTG | Quote | Chart | News | PowerRating) | 96 | 16.14 | + 0.50 | 586,800 |
| Nvidia Corp. | (NVDA | Quote | Chart | News | PowerRating) | 95 | 67.99 | + 2.52 | 9,010,900 |
| Panera Bread Co. | (PNRA | Quote | Chart | News | PowerRating) | 96 | 61.00 | + 1.85 | 273,800 |
| PEC Solutions | (PECS | Quote | Chart | News | PowerRating) | 95 | 26.38 | - 0.79 | 743,100 |
Stocks Forming a Handle
Integra Lifesciences (IART | Quote | Chart | News | PowerRating) up 1.30% on below-average volume for an accumulation day.
| Company Name | Symbol | 12 Month RS | Price | Price Change | Average Volume |
| Integra Lifesciences | (IART | Quote | Chart | News | PowerRating) | 90 | 31.15 | + 0.40 | 344,100 |
Stocks Building A Base
Multimedia Games Inc. (MGAM | Quote | Chart | News | PowerRating), up 0.98% on below-average volume.
| Company Name | Symbol | 12 Month RS | Price | Price Change | Average Volume |
| Multimedia Games Inc. | (MGAM | Quote | Chart | News | PowerRating) | 99 | 34.50 | + 0.98 | 187,600 |
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