Feels like the early selloff this week was just to shakeout the weakest longholders. Feels like equities are up because its better than earning .01% interest in a savings account and having the chance to earn dividends.
IWM up 2.32%, QQQQ up 1.4%, SPY up 1.07%, DIA up .6%
NYSE Breadth was 23 stocks up for every 7 down. 107 issues reached new 50-day highs.
Independent Oil led by DNR up .97 to 24.32 (up 15% for the month of Feb).
Oil Drillers led by CXO up 2.26 to 109.79 (up all but two days in Feb).
DECK was disappointing, opening at 94 and selling off all day closing at 88.30 (down 1.50). Funds vote with their money and not exactly a reassuring tone of confidence.
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