Even Dozen for Bulls in Poll

01/03/07 - 01:58 PM EST

David Morrow

The bulls are showing no signs of letting up in the new year, as they notched their 12th straight victory in TheStreet.com RealMoney Barometer survey.

Of the 1,005 votes cast, bulls got 543 votes, or 54%, while the bears could muster only 186 votes, or 18%. Neutral finished with 276 votes, or 27%.

In the sectors, precious metals was tapped as most likely to rise, which is rather incongruous considering the confidence in the stock market and the performance of stocks lately.

Homebuilding, as it has mostly been for months now, was seen as most likely to decline.

And in the first day of trading for 2007, the stock market got off to a partying start. The Dow Jones Industrial Average was at 12,526.03, up 63 points; the Nasdaq Composite was higher by 23 points, to 2438; and the S&P 500 was up 3.83 points, to 1422 -- all off their earlier highs.

This is a rare three-day trading week. The markets were closed Monday for New Year's Day and on Tuesday for the funeral of former President Gerald Ford.

The Nasdaq and the NYSE were closed for four consecutive days for the first time since the Sept. 11, 2001, terrorist attacks.

Crude oil futures were off $2.55 a barrel, to $58.50.

In one of the top stories of the day, Home Depot(HD Quote) ousted CEO Bob Nardelli. As TSC's Matt Goldstein reported: "Ending months of tumult at the Atlanta-based home-improvement retailer, Home Depot's board generously handed Nardelli $210 million Wednesday to pack his bags. Wall Street applauded, sending shares up 4% in midday trading.

"The move comes less than a month after a big shareholder, riled by Nardelli's hefty pay and the stock's long stupor, threatened to start a proxy fight if Home Depot's board didn't agree to review its strategy and corporate governance. The company agreed to a meeting but pledged to stay its charted course."

Below are the complete poll results.

Date Bullish Bearish Neutral Week Ending
S&P % Change
Bullish
Sector
Bearish Sector
Jan. 3 543 (54%) 186 (18%) 276 (27%) Precious Metals Homebuilding
Dec. 26 194 (37%) 179 (34%) 156 (29%) + 0.5% Precious Metals Homebuilding
Dec. 18 405 (61%) 114 (17%) 145 (22%) - 1.1% Integrated Oil Homebuilding
Dec. 12 874 (54%) 307 (19%) 438 (27%) + 1.2% Investment Bankers and Brokers Homebuilding

Sector Total Votes Percentage
Aerospace and Defense323%
Airlines263%
Automobiles141%
Beverages and Food Products162%
Biotechnology616%
Commercial Banks444%
Computers and Peripherals545%
Consumer Nondurables273%
Energy Equipment & Services929%
HMOs and Hospitals192%
Homebuilding323%
Insurance232%
Integrated Oil677%
Internet, Software Services717%
Investment Bankers and Brokers667%
Media182%
Multiline Retail162%
Pharmaceuticals374%
Precious Metals10110%
Semis, Semi Equipment646%
Telecom Equipment374%
Tobacco and Alcohol313%
Utilities293%
Wireless Communications263%
Source: RealMoney.com

Sector Total Votes Percentage
Aerospace and Defense91%
Airlines566%
Automobiles11111%
Beverages and Food Products212%
Biotechnology131%
Commercial Banks172%
Computers and Peripherals263%
Consumer Nondurables202%
Energy Equipment & Services454%
HMOs and Hospitals151%
Homebuilding16316%
Insurance91%
Integrated Oil869%
Internet, Software Services192%
Investment Bankers and Brokers252%
Media273%
Multiline Retail768%
Pharmaceuticals656%
Precious Metals586%
Semis, Semi Equipment343%
Telecom Equipment192%
Tobacco and Alcohol303%
Utilities414%
Wireless Communications151%
Source: RealMoney.com
David Morrow is editor-in-chief of TheStreet.com. In keeping with TSC's editorial policy, he doesn't own or short individual stocks, though he owns stock in TheStreet.com. He also doesn't invest in hedge funds or other private investment partnerships. He appreciates your feedback; click here to send him an email.
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