Monday, February 7, 2011

Three quiet days after Feb 1, then a 1/2% up day after the Super Bowl

After watching Super Bowl XLV and throughly happy that the Green Bay Packers triumphed over some of the evil elements that occupied the Pittsburgh Steelers (yes I'm calling you, the special teams player attempting to shove the returner into the punt and having your despicable sideline coaches asking for a flag on the Green Bay player, most of you with the exception of Mike Tomlin, are just a bunch of pathetic thugs no better than Rex Ryan's New York Jets), the U.S. averages gapped higher in the opening fifty minutes before selling off throughout the day but still holding good gains as the SPY closed at a 52-week high.

Breadth was 21 stocks up for every 9 down. 284 companies touched 50-day new highs.

Aerospace & Defense led by LMT up 1% to 81.52 to a 52-week high.

Agriculture led by POT up 2.67 to 184.11 (new 52-week high).

Asset Manager BEN up 1.82% to 124.67 to a 52-week high.

Energy was the third best performing sector behind Financials (Property Insurance, Life Insurance) and Materials. XOM up .78% to 83.93. CVX up .57% to 97.66, CVI up 4.4% to 18.40, HOC up 3.3% to 54.40, WNR (best of the refiners) up 2.8% (up 35% in the last six days) to 15.41, all 50-day highs.

Nasdaq big cappers led by AAPL up 1.5% or 5.38 to 351.88 (new 52-week high).

The Oprah Winfrey "fad" stocks at new highs, LULU up 1.86% to 78.39, UA up 2.84% to 65.51, both 52-week highs.

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