Friday, January 28, 2011

All about NFLX, POT, and forward guidance beaters

SPX closed just below 1300 finishing at 1299.54. Breadth was 17 issues up for every 13 down. 290 new 50-day highs

QQQQ up .5% largely on NFLX's positive outlook. NFLX opened at 207 consolidated for 60 minutes before slowly moving higher closing at 210.30 +27 for the day. (High of 211 at 3:50pm)

PCLN rose 9.76 to 432.46 to lead the Nasdaq big caps.

POT rose another 5.94 after announcing a 3 for 1 stock split and positive guidance.

Aerospace & Defense led by GD up 2%, ROC up .98%.

Apparel was led by ROST up .71% to a new 52-week high.

Asset Managers led by BEN up 1.99% and TROW up 1% reflecting if the SPY is at new highs, then these two are literally coining money.

Building Materials led by RPM up 3.4% to a 52-week high at 23.86.

Health Maintenance Organizations reported earnings with a bang. UNH up 5% to a 52-week high. WLP up 2.89%, AGP up 2.25%, AET up 1.91%, CVH up 1.53%, CI up 1.16%.

Oil Service had a neutral day down .5% with oil dropping below $86 barrel. Although a few individual components stand out. CRR reported earnings rising 6% to 110.22. BHI up 1% to a new 52-week high at 66.67. EOG had a quiet 5-day consolidation before rising .95% to 103.25.

Real Estate Investment Trusts, whether rhyme or reason had the most number of components reaching 50-day highs. PSA up 3.23% to 108.52.

Semiconductors had a solid day with SPRD up 4.11% to a 52-week high of 21.01. XLN up 2.11% to 32.85.

No joy in industrial metals or gold/silver. Gold and Silver went to 20-day lows which Coal favorites WLT lost 2.11, ANR down 2.11, PCX down .73.

Channeling casy's words. Rotation, rotation, rotation. Find the next mover or become moved.

After-hours, AMZN getting killed down 15 pts from the 4pm close after being up 8 points during the regular session. Revenue missed expectations.

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