Monday, February 14, 2011

1/4% up moves in the QQQQ, IWM, & SPY to new highs

Slow news day as everyone starting to concentrate their holdings into their favorite positions.

Breadth was 16 issues up for every 14 down. 252 issues made new 50-day new highs.

Agriculture led by POT up 1.64 to 189.94.

Asset Managers led by BEN up .49 to 129.04.

Energy was the top performing sector via the OIH up 3.90 to 158.55 after seven days of consolidation. Oil Refiners led by WNR up 1.07 to 16.70, FTO up 1.58 to 26.21, CVI up .99 to 20.34, VLO up 1.16 to 29.08, HOC up 2.20 to 59. Major Oils led by XOM up 1.97 to 84.79.

Nasdaq Big-Cappers led by NFLX up 15.89 to 246.96, AAPL up 2.33 to 359.18, PCLN up 1.62 to 457.01.

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