Wednesday, February 9, 2011

Weird minus 1/4% day in the market avgs except for the Dow making new highs

A little rotation the past three days from energy into consumer discretionary (retail). Not sure if its temporary or the start of something permanent.

146 issues made new 50-day highs.

Aerospace & Defense led by LMT up 1.07% to 82.27.

Casinos led by WYNN up 1.82 to 122.

Commodities led by BAL up 2.69 to 91.94, JO up 1.48 to 68.

Energy was mostly down except for CRR up .76 to 119.50.

Nasdaq Big-Cappers led by PCLN up 8.36 to 451.11, NFLX up 4.66 to 222.29, BIDU up 3.17 to 123.01, AAPL up 2.96 to 358.16.

Oprah's LULU up .61 to 81.50.

After the markets closed, WFMI reported good earnings and moved up 5.81 to 58.72.

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