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The PHLX TheStreet.com Internet Index (DOT – 581.3) has stepped up by nearly 26 points, or almost five percent, in late-morning trading. With this upswing, the index is ready to close today's activity above its 10-day moving average for the first time since September 7. The DOT, though, remains beneath its 20-day moving average as well as all of its significant intermediate-term and long-term trendlines.
Components lifting the index higher this morning include RealNetworks (RNWK – 24), up 26.4 percent; BroadVision (BVSN – 29-1/2), up 13.7 percent; MarchFirst (MRCH – 12-5/8), up 12.8 percent; EarthLink (ELNK – 7-11/32), up 10.3 percent; eBay (EBAY – 61-11/16), up 7.7 percent; and Macromedia (MACR – 80-3/4), up 7.6 percent.