- Small-Cap Value +.29%
- 1) Homebuilders +2.93% 2) Alt Energy +.64% 3) Gold & Silver +.65%
- CNO, GTE, BCS, KORS, AVP, FOSL, MAS, AOL, BKD, SCTY, SPR, GY, AIZ, TEX and FIRE
- 1) ZIOP 2) BKD 3) MAS 4) BWLD 5) AVP
- 1) OMC 2) GWW 3) NTAP 4) KORS 5) HPQ
Tuesday, February 12, 2013
Bull Radar
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Financial Shares rose strongly, taking the Small Cap Nation Investment, the Russell 2000, US Infrastructure, Global Producers and Leveraged Buyouts to new highs in advance of President Obama’s State of the Union Address, pulling Major World Currencies, DBV, to a new rally high.
The World Banks, IXG, the Too Big Too Fail Banks, RWW, such as BAC, MS, and JPM, and the Emerging Market Banks, BPOP and BLX, traded to new highs. And the much news mentioned UK Banks, BCS, LYG, RBS, and the Japanese Banks, MFG, NMR, SMFG, traded up on the day.
Financial Shares, XLF, rose strongly taking Small Cap Nation Investment, IFSM, the US Small Caps, IWM, US Infrastructure, PKB, Global Producers, FXR, and Leveraged Buyouts, PSP, to new highs, which pulled Major World Currencies, DBV, to a new rally high. But World Stocks, VT, and Nation Investment, EFA, traded below their recent highs.
Stocks sectors rising strongly today included Home Builders, ITB, Solar Stocks, KWT, and the Dig and Dirt Moving Stocks, CR, MTW, and IR.
The chart of the S&P 500, $SPX, SPY, shows a 0.2% gain to finish at a five-year high 152.02, which came through the S&P 500 High Beta Stocks, SPHB, Semiconductors, XSD, trading to rally highs.
The tone of the day was one of speculative investment in leveraged banking and in debt laden stocks.
The news of the day was stunning 2,294,700 shares traded the Japanese Yen Yen ETF, FXY, with much of it being a bullish trade, which took the Yen, FXY, up 0.33 at 104.76; this as the Euro, FXE, rose 0.36%, to close at 133.42, which produced the EUR/JPY to close, as Action Forex reports, at the middle of a broadening top pattern at 124.93, suggesting that the Euro Yen Currency Trade, that is the EUR/JPY, which has fueled Banks, IXG, Global Producers, FXR, and the S&P, SPY, higher over the last eight months is ending.
With the Yen, FXY, firming at 104.76, and Major World Currencies, DBV, likely topping out at 26.88, and the 200% Bullish Dollar ETF, UUP, having broken out Friday February 8, 2013, it is likely that currency traders will commence competitive currency devaluation, with the Brazilian Real, BZF, the Indian Rupe, ICN, the Chinese Yuan, CYB, and the Emerging Market Currencies, CEW, being loss leaders, with disinvestment coming out of all of the Brics, EEB, that is Brazil, EWZ, Russia, RSX, India, INP, and China, YAO
Derisking and deleveraging is likely to come out of the Emerging Markets, EEM, the Major World Banks, IXG, the S&P High Beta, SPHB, the Too Big To Fail Banks, RWW, the Regional Banks, KRE, the Russell 2000, IWM, Levera
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