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发表于 2009-5-27 11:00 AM
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85# tomorrow
IBD 改market under pressure to Market in confirmed uptrend
The Big Picture
Stocks Zoom Ahead In Increased Trade
By PAUL WHITFIELD, INVESTOR'S BUSINESS DAILY
Posted 05/26/2009 06:44 PM ET
Featured Stocks
SNDA * Shanda Interactive Entmt SXCI * S X C Health Solutions
* Top-Rated Company Brushing off negative news is a sign of a resilient market.
Stocks did just that Tuesday as the market decided that news of North Korea's nuclear saber-rattling was worth less than a half- hour of worrying.
The indexes opened lower but popped into positive territory 10 minutes later on the Nasdaq, even before a surprisingly good report on consumer confidence.
From there, stocks curved upward to a strong finish.
The Nasdaq leapt 3.5%, easily recovering its 200-day moving average. The S&P 500 added 2.6%. The NYSE composite popped 2.5%, falling just short of its 200-day line. The Dow rose 2.4%.
The small-cap S&P 600 was the day's star, rumbling up 4.8%.
Volume was up 30% from Friday's light preholiday pace.
Tuesday's action — which suggested institutional buying — was a welcome boost for a market that had been consolidating after a long advance.
Factor in the action in leading stocks, and there were enough good signs to flip the Market Pulse's outlook to confirmed uptrend from uptrend under pressure.
Before the market opened, the S&P/Case-Shiller U.S. home price index added to the negative tone. It slid a record 19.1% in the first quarter vs. a year earlier. David Blitzer, chairman of the index committee, noted that there was "no evidence that a recovery in home prices has begun."
A half-hour after the open, all the gloom was erased when the Conference Board released its Consumer Confidence Index for May.
It ballooned to 54.9 — much stronger than anything analysts had imagined.
Consumer-related industry groups were among the day's best, including apparel manufacturers and retailers.
Leaders showed mostly positive action, as the IBD 100, a proxy for leading stocks, sprinted 3.7%. That was another encouraging sign for growth investors.
SXC Health Solutions (SXCI), a pharmacy benefits services provider, broke out of a short cup-with-handle base in more than double its usual trade.
Q1 earnings, reported earlier this month, zoomed 94% on a year-ago basis, according to Thomson Reuters. Sales exploded 1,096%, reflecting the acquisition of National Medical Health Card Systems about a year ago.
On the downside, online game company Shanda Interactive Entertainment (SNDA) skidded 2.77 to 52.16 after it revealed a plan for an initial public offering of its games subsidiary. Volume was up 42%. Despite Tuesday's loss, Shanda remains well above its 50-day line.
The market's gains were broad.
Among IBD's 197 industry groups, only two lost ground, according to preliminary data. The two were international oil and gas explorers and gold-mining stocks.
The gold-mining group, however, only barely edged down. Many of the stocks finished in the high end of the day's range — a sign of support. |
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狗仔卡
发表于 2009-5-27 10:50 AM
