- Large-Cap Growth +1.09%
- 1) Semis +1.77% 2) Airlines +1.55% 3) Internet +1.49%
- SNFCA, DAL, TNS, LVNTA, URBN, TRIP, TUMI, WBMD, MCP, CRM, SWC and AIG
- 1) MDVN 2) TEX 3) TRIP 4) SVNT 5) MPC
- 1) BK 2) JEC 3) CBOE 4) DOV 5) EXPE
Tuesday, December 11, 2012
Bull Radar
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On Tuesday, December 11, 2012, Bloomberg reported economists foresee QE 4. Fed seen pumping up assets to $4 Trillion in new buying. The Federal Reserve will amplify record accommodation tomorrow by announcing $45 billion in monthly Treasury buying that will push its balance sheet almost to $4 trillion, according to a Bloomberg survey of economists.
The news of more global credit liquidity, rallied World Stocks, VT, near their September 14, 2012 high, with the World Banks, IXG, trading to a new rally high, as the National Bank of Greece, NBG, Australia Bank, WBK, Korea Banks, WF, SHG, KB, Bank of America, BAC, and the Too Big To Fail Banks, RWW, India Bank, IBN, trading higher on the day. The World Small Cap Stocks, VSS, traded to a new rally high.
Greece, GREK, rose to strong resistance, pushing carry trade invested Poland, EPOL, Netherlands, EWN, Sweden, EWD, Switzerland, EWD, and the European Shares, VGK, to new rally highs.
Asia, EPP, seen in this Finviz Screener, were led higher by Thailand, THD, Phillippines, EHPE, South Korea, EWY, Taiwan, EWT, Australia, EWA, Australia Small Caps, KROO, New Zealand, ENZL, and Vietnam, VNM.
Anticipation of US Central Bank Monetary easing pushed Turkey, TUR, Mexico, EWW, Israel, EIS, India, INP, and the UK, EWU, higher. Argentina, ARGT, Russia, RSX, and Brazil, EWZ, rose parabolically higher.
The S&P, SPY, rose to strong resistance well below its September 14, 2012 high. It has been driven lower by REM, IYR, KRE, MTK, SLX, IHE, OIH, XLE, XRT, XSD, XBI, and MXI.
The Large Cap Growth Stocks, JKE, took, the Nasdaq 1000, QTEC, Semiconductors, XSD, Networking, IGN, Software, IGV, Cloud Computing, SKYY, Steel, SLX, Biotechnology, XBI, higher.
Mining Stocks, MXI, rising included Rare Earth Manufacturer, MCP, Industrial Metal Producers, ZINC, HW, GSM, Iron Ore Producer, CLF, Aluminum Producers, KALU, AA.
Industrial Electrical Stocks rising included ETN, and AME.
Metal Manufacturing, XME, rising included STLD, GHM, NUE, RS, WOR, and AZZ.
The S&P Dividend Stocks, SDY, and the Dow Dividend Stocks, DYY, which had sold off, have rallied back up to their September 14, 2012 highs.
The rise in Major World Currencies, DBV, and the Emerging Market Currencies, CEW, and the Commodity Currencies, CCX, shot the Small Cap Pure Value Shares, RZV, to a new rally high; and the credit sensitive US Small Caps, IWM, strongly higher. The currency demand curve, that is the ratio of RZV:RZG, rallied to a new high, continuing its 27 week rally since June 1, 2012. The higher currencies drove both Global Water, CGW, and Global Real Estate, DRW, to new rally highs, and rallied Global Agriculture, PAGG, Farm Equipment Manufacturers, MTW, CNH and Agricultural Chemicals and Specialty Chemical Manufacturers seen in this Finviz Screener higher.
Technology Stocks, MTK, rising included Cloud Computing, SKYY, with Salesforce, CRM, rising strongly, Networking Shares, IGN, and Application Software, IGV.
Commodities, DBC, and USCI, traded lower; but Timber, CUT, continued higher, taking Paper Products, WOOD, higher.
Total Bonds, BND, traded lower, on US Government Treasuries, ZROZ, BAB, EDV, TLT, as Junk Bonds, JNK, Senior Bank Loans, BKLN, and Leveraged Buyouts, PSP, rose to new rally highs. It is the Distressed Investments, like those taken in by the US Federal Reserve under QE 1, and traded by the Fidelity FAGIX Mutual Fund, FAGIX, that have underwritten, high beta Stocks, such as BAC, and highly debt leveraged stocks such as IP, in an ongoing global debt trade as is seen in the ongoing Yahoo Finance chart of FAGIX, and JNK, BKLN, PSP, JPM, BAC, IXG, IP
The US Dollar, USD, UUP, traded lower, as the major world currencies, DBV, of which the US Dollar is a component, traded to a new rally high, being led so by the Australian Dollar, FXA. Emerging Market Currencies, CEW, popped to a new rally high above its September 14, 2012 high.
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