DJIA Holds Up While The Rest Of The Market Takes A Breather; M&A Activity Just Doesn’t Stop

July 17, 2007

No stock market commentary for today. Commentary will resume tomorrow.

2007.07.17 06:40:21] MauiTrader: normally i dont have commentary ready unitl 9pm my time
[2007.07.17 06:40:28] MauiTrader: by 10pm i am sleepy
[2007.07.17 06:40:34] MauiTrader: so if i dont get it done during that hour
[2007.07.17 06:40:36] MauiTrader: i am screwed
[2007.07.17 06:40:46] MauiTrader: and we were watching tv before that
[2007.07.17 06:40:49] MauiTrader: and then i fell asleep
[2007.07.17 06:43:46] MauiTrader: so here is the talking points from my commentary
[2007.07.17 06:43:50] MauiTrader: on my paper from last night:
[2007.07.17 06:44:07] MauiTrader: overall market is fine. AFSI sucked but still holding key support
[2007.07.17 06:44:17] MauiTrader: earning season this week: MSFT INTC GOOG C BAC MER
[2007.07.17 06:44:21] MauiTrader: put/call to .79
[2007.07.17 06:45:00] MauiTrader: tons of M&A: VOD for VZ, IHP for APPB, Royal Bank of Scottland wants ABN, F selling volvo, BHP wants AA, and NWS buys DJ
[2007.07.17 06:45:13] MauiTrader: pullback to be expected after so much gains past two weeks
[2007.07.17 06:45:22] MauiTrader: 14k could act as breakout
[2007.07.17 06:45:25] MauiTrader: reversals area
[2007.07.17 06:45:46] MauiTrader: NYSE new highs in negative divergence with SP 500 new highs
[2007.07.17 06:45:58] MauiTrader: still not time to short: DYII ARTW MHJ
[2007.07.17 06:46:21] MauiTrader: distro day technically but no way a powerful one; hard to even call it one when volume only up 2% and you are down the minimum
[2007.07.17 06:46:33] MauiTrader: that is all my notes
[2007.07.17 06:46:41] MauiTrader: and then i was going to just expand on those ideas