Thursday, February 17, 2011

New highs in the IWM, SPY, & DIA

Despite a selloff in the final 45 minutes, three of the four major U.S. indexes closed at 52-week highs. IWM up .7%, SPY up .3%, DIA up .25%. The QQQQ finished down two pennies.

Breadth was 18 positive for every 12 down. 304 issues closed at 50-day highs.

Silver was the best performing sector with the SLV up 1.07 to 31.03.

Coal was led by JOYG up 1.19 to 98.07.

Commodities led by BAL 4.58 to 108.81, JO up 2.22 to 72.

As mentioned last night, CLF led Industrial Metals closing up 6.64 to 99.52 on impressive earnings (although it was near 102 last yesterday).

Oil Refining was the second best performer. TSO up 1.37 to 25.83, FTO up 1 to 28.94, VLO up 1.11 to 30.29, WNR up .42 to 18.03, CVI up .31 to 21.30, HOC up .38 to 60.52, OIH up 2.98 to 163.84.

Retail was led by DECK up 6.32 to 90.57 on no news. They report earnings after the bell on Feb 24.

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