AET , CI , HUM, UNH,WLP

All stocks in the managed health care are up form 2% to 8%

Mid Day Report July 23 2009

NASDAQ NOON REPORT:
Heavy Volume for this time of day. Breadth is  very bullish across the board.
Advancing Issues: 1944 / Declining Issues: 591
Ratio of 3.29 to 1. Advancing Volume: 1,022,097,375 / Declining Volume: 264,470,625 — for a ratio of 3.86 to 1. New 52-Week Highs: 105 / New 52-Week Lows: 5.

$NYE NYSE NOON REPORT:

Light Volume for this time of day but breadth is bullish across the board.
Advancing Issues: 2535  Declining Issues: 400 — for a ratio of 6.34 to 1. Advancing Volume: 453,158,717  Declining Volume: 55,301,750
Ratio of 8.19 to 1.
New 52-Week Highs: 85
New 52-Week Lows: 1.

Mid-Day Market Wrap-Up

The Dow broke thru the 9,000 mark for the first time since January as a series of better than expected corporate earnings reports were released.

Existing home sales improved better than was forecast.
The Dow was up 166.26 to 9,047.52,
The S&P 500 was higher by 19.90 to 973.97,
NASDAQ increased 39.68 to 1,966.13
MARKET NEWS: Ford’s (F) second quarter earnings showed a loss that was less than estimated, as the automaker cut debt and increased domestic market share
AT&T (T) second quarter profits jumped thanks to increased use of services on mobile phone
Warren Buffett acquired shares in Moody’s (MCO) in 2000, but Berkshire Hathaway (BRK.A) has now cut its stake to 16.98% from 20.02%,
Among the companies reporting earnings after today’s market close are Amazon.com (AMZN),
American Express (AXP),
Capital One Financial (COF), and Microsoft (MSFT)
The most active stocks this Citigroup (C), Medarex (MEDX), and Hemispherx BioPharma (HEB).

Mid Day report

DuPont: Earnings release NYSE:DD

There is a bottom “W” pattern in progress on the daily chart.   Look for DD to trade up to the $29 area, Better than expected .

Advance Micro upgraded to outperform NYSE:AMD

Stocks continue to rally into monday mid day. Stocks continued last week’s rally. All 3 of  indices into green territory up 5%
Crude oil prices are up 0.5% and gold is basically flat.

Citigroup  NYSE:C  options active  call option volume of 534,676 contracts compares to put volume of 414,924 contracts. C August 3 straddle at 59c, September 3 straddle at 74c. C over all option implied volatility of 52 is

Stocks on a Gap

Stocks on a Gap up ACY 5.28%, GFA 5.65%, ETN 5.74%, ENI 5.83%, OGZPY 5.87%, ACH 6.12%, PETS 6.67%, PUK 6.68%, RHT 6.70%, YPF 8.03%, JHX 8.46%, LVL 8.63%, FBT 11.00%, CHFN 11.48%, DBX 13.47%, DIT 14.77%.

HGSI Up $7.00 at ther open Trade of the day

Human Genome news on Phase III

Human Genome Sciences (HGSI)  anounced that BENLYSTA met the primary endpoint in BLISS-52, the first of two Phase 3 trials.  In the placebo-controlled BLISS-52 study, the results showed that BENLYSTA response rate at Week 52, compared with standard of care alone. Study results also showed that belimumab was generally well tolerated, with adverse event rates comparable between belimumab and placebo treatment groups.