Friday Morning Update
The up move continues this morning. I have us in a pretty narrow range today, with 1372 as the resistance level, and i will be watching pretty closely if we get close, as I think how the market behaves there will tell us quite a bit about how it is going to behave in the next couple of weeks. Thius morning the leading sectors are XLV and XLI, the laggards are XLE and XLB. The Nasdaq and Russell 2000 are both lagging, the Russell pretty badly. Oil and gold are up, treasury yields up big.
I have 90 new highs so far, with breakouts in XXIA, MED, N, BCOR, EXPE, and PEP. The table below is the stocks I have reporting, on the left from last night, on the right from this morning:
Ticker | Change | Ticker | Change | |
CBL | 1.41% | AHGP | 2.20% | |
CTCT | -7.96% | DHI | -5.72% | |
DECK | -0.31% | PATK | -2.40% | |
MED | 11.39% | |||
N | 14.49% | |||
SPF | -2.37% | |||
VECO | -5.72% |
2012-07-27 10:06:13
Source: http://samuraitrader.blogspot.com/2012/07/friday-morning-update_27.html
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