Thursday, January 26, 2006

Strong Volume Trends

Solid rally today on very strong volume. More than 2 billion shares on the NYSE and nearly 2.5 billion on the Nasdaq. That marks a nice accumulation day. Also, there were nearly 300 new highs on the NYSE.

Chips stocks and brokers were the strongest, but all sectors were positive today. Despite the rise in crude oil prices and bond yields.

BRCM reported a strong quarter after the market closed, and its shares are rallying. PLAY also reported a strong quarter and raised guidance. SNDK said that next quarter would be soft, and the shares are down $5 after-hours.

I have to go hop on the SNDK conference call. Have a great night--


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