Wednesday, February 16, 2011

New highs for all four U.S. avgs

IWM up 1.02%, QQQQ up .67%, SPY up .63%, DIA up .5%

Breadth was 21 issues up for every 9 down. 335 issues made new 50-day highs.

Apparel has had a good two weeks. JWN up all but two days this month, up .83 to 46.70.

Coal led by JOYG up 2.81 to 96.88.

Commodities led by BAL up 4.24 to 102.02.

Energy was the top performing sector. Refiners led the way with WNR up 1.19 to 17.61, FTO up 1.92 to 27.94, CVI up .80 to 20.99, HOC up 1.87 to 60.14, DK up .89 to 11.74. OIH up 3.51 to 160.86, OXY took seven weeks to break 100 but a good 5 pt move in the last three days to 105.02.

Industrial Electrical Equipment led by ROK up all but three days in Feb, up 2.60 to 90.98.

Nasdaq Big-Cappers led by AAPL up 3.23 to 363.13.

Software led by SAP with a quiet up move for six weeks, up 1.15 to 60.45.

In afterhours news, Industrial Metals component CLF up 9.66 to 101.87 on exceelent earnings.

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