Tuesday, March 8, 2011

Churning back higher for an inside day

No specific news. Almost as if the last two days didn't mean anything.

IWM up 1.63%, DIA up 1.06%, SPY up .87%, QQQQ up .4%.

NYSE Breadth was 22 up for every 8 down. 238 issues closed at 50-day highs.

Commodities led by Coffee (JO) up 1.58 to 76.60.

Cigarettes led by PM up .61 to 64.25.

Cleaning Products led by CHD up 1.26 to 77.94.

Medical Instruments led by SYK up 1.76 to 65.07, STJ up .94 to 50.25.

Oil led by GLF up .50 to 47. But most Oils and Metals sold off for a second straight day.

Utilities have started to catch a bid, D up .72 to 46.14.

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