For the third straight day, the markets have gapped lower in the opening hour then seemingly with POMO at work at 1pm Eastern, via the inexperienced incompetents who supposedly have the wherewithal to determine how to propup the Treasury Bond market daily with $8 billion dollars of phantom money, the markets came most of the way back with the Nasdaq up about 4 points, the Russell 2000 up 3 points and the S&P 500 down a mere .17%.
Software led by ADBE up 2.8% as it maintains its good start to 2011.
Auto Parts up across the board on no news. MGA up 2.8%.
HMOs continued higher, specifically AGP up 2.8%, WLP up 1.1%.
Coal represented by PCX up 1.6%.
AAPL up 6 pts or 1.9%. Rumors of a Verizon iPhone are expected tomorrow.
NFLX up 9 pts on no news.
LVS up 1.4%. The rich will entertain and they don't care what happens to the middle class.
Semiconductors up with eight components of the SOXX hitting 20-day highs. ARMH up 3.6%, ENTR up 1.4%.
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