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May 25, 2007


Stock Du Jour (XLU) & Random Observations

Mixed morning until 10:30 when selling kicked in and continued uninterrupted all day — impressively bad tone.

Notable New Lows: Marvell Technology (MRVL), Komag (KOMG), IAMGOLD (IAG), and Vista Gold (VGZ).

Notable New Highs list the shortest I’ve seen it in ages: EMC (EMC), Garmin (GRMN), Express Scripts (ESRX), Toro (TTC), Manpower (MAN), and Siemens (SI).

I’ll feature the Utilities SPDR (XLU) as the stock du jour… it has had a bad week and you can see how one week’s action has enveloped the last month’s action — the kind of thing you see at intermediate, and long-term, tops.

XLU

This entry was posted on Friday, May 25th, 2007 at 8:30 am (utc+8) and is filed under Stocks.

3 Responses to “Stock Du Jour (XLU) & Random Observations”

  1. Jason G. said:
    May 25th, 2007 at 7:42 pm

    KOMG not KMAG for Komag… and it was a big down day for them regardless of the ticker symbol.

  2. C. Maoxian said:
    May 25th, 2007 at 10:21 pm

    Jason: Thx, I’ll fix that.

  3. Maoxian » Stock Du Jour (TLT) & Random Observations said:
    June 8th, 2007 at 9:00 am

    […] Mixed morning but then the selling kicked in around 11 AM and continued all day, an uglier day than yesterday (which was uglier than the day before). That reversal that I pointed out in the Utilities turned out to be significant after all, foreshadowing this broad market crunch. (The XLU was unusually active again today closing down over 3%.) […]

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