Reply #27: 1:43 and they just couldn't be happier [View All]

[ozymandius]

Dow 10,641.55 +41.24 (+0.39%)
Nasdaq 2,171.23 +14.33 (+0.66%)
S&P 500 1,235.19 +4.80 (+0.39%)
10-Yr Bond 42.59 +0.21 (+0.50%)
NYSE Volume 940,751,000
Nasdaq Volume 866,529,000

1:30PM: Stocks continue to move higher in an extension of their recovery effort as oil prices slip below $66/bbl for the first time today... Providing additional pressure to crude oil futures ($65.70/bbl -$1.16) has been a stronger greenback, which make dollar-denominated commodities like oil less attractive... The dollar has enjoyed its best gain against the euro (1.2364) in about three weeks, catching a bid after the Treasury Dept. showed foreign investors bought $71.0 bln in U.S. assets in June - the fastest pace in about six months...NYSE Adv/Dec 1744/1415, Nasdaq Adv/Dec 1571/1362

1:00PM: Major averages continue to trade near their best levels as market internals now suggest a modestly bullish bias... Advancers on the NYSE have recently turned positive, now holding a 17 to 14 edge over decliners while advancing issues on the Nasdaq have also turned the corner, now outpacing declining issues by a 15 to 13 margin... Meanwhile, the Dow, S&P and Nasdaq continue to trade above initial support levels but modest buying interest has not been enough to push the indices through resistance levels of 10640, 1237 and 2178, respectively... NYSE Adv/Dec 1706/1405, Nasdaq Adv/Dec 1579/1346