Well I can declare victory and do what Kramer does, (take a little off the table) or suggest one trails the stop. My guess is we continue to move higher as folks conclude its the season to be bullish.
Strongest sectors, China- metals, emerging markets, oils, reits, real estate, internets and tech;
Weak links- airlines, financials, insurance, homies, drugs, defense, biotechs and utils;
Key stocks- 39 out of 40 higher led by WYNN RIMM BIDU DECK VMW GOOG TIF UA AAPL POT and LVS- lone loser- ICE;
NYSE internals- 1230 net green;
NAZ internals- 830 net green;
NDX -77 WINNERS;
OEX -90+ WINNERS;
IBD 100-85 WINNERS;
The WINNERS- BIDZ SNDA BIDU RIMM ABB BPHX CHL BUCY VMW EDU MDT GOOG GM LEH XOM BHI ROST WYNN PCAR DISCA AKAM CTXS JOYG;
The LOSERS- DISH RYAAY MXIM VMED INTU INFY LVLT CPB AIG PEP BA TGT JNJ FMCN GME YGE SLT HMSY TDG VSEC TKC ACO CLB;
VIX down 6% while the 10 Year Bond is back up to 4.11%;
Up volume almost 4X Down volume;
WYNN giving a little gotcha to folks who sold yesterday on the Barrons article by declaring a special $6 dividend. Maybe Wynn knows something Barrons doesn't.
The SPX back at 1,450- previous support now it may prove out to be short term resistance so careful- And this is probably the last post till Monday as I am gone North for the Holiday. And congrats to the folks that bought yesterday's fear as the NDX rips higher.
