Reply #52: 1:18 update red is still good news [View All]

Dow 10,675.30 -30.25 (-0.28%)
Nasdaq 2,188.56 -9.88 (-0.45%)
S&P 500 1,238.87 -4.85 (-0.39%)
10-Yr Bond 4.254% +0.06
NYSE Volume 985,040,000
Nasdaq Volume 928,008,000

1:00PM: Little changed since the last update as the major averages continue to vacillate in roughly the same ranges... Worth noting, however, is that even with virtually every sector currently under pressure, today's losses have yet to erase an overall week of gains, leaving room for the S&P, which is at a four-year high, to post its fourth straight weekly gain... On the last trading day of the month, the Dow, S&P and Nasdaq are still up an encouraging 3.7%, 3.8% and 6.0%, respectively, in July...NYSE Adv/Dec 1259/1859, Nasdaq Adv/Dec 1231/1676

12:30PM: Broader market action leaves little to be desired, as buying interest remains scarce across the board... Airline stocks (XAL +0.6%), however, have followed Delta Air Lines' (DAL 2.88 +0.03) lead to the upside, even in the face of a 1.4% surge in oil prices... DAL shares have rebounded after plummeting as much as 26% two days ago amid renewed bankruptcy concerns... Trading higher in sympathy have been AMR (+0.7%), NWAC (+2.0%) and JBLU (+0.45)... NYSE Adv/Dec 1283/1830, Nasdaq Adv/Dec 1215/1662