- Mid-Cap Growth -.84%
- 1) Oil Service -1.46% 2) I-Banking -1.35% 3) Biotech -1.28%
- TSLA, ADUS, MPC, DVA, GTN, IBN, TVL, TLK, TI, FMX, KO, PFLT, EQM, KOP, LQDT, HSII, CSH, AFOP, XONE, ANIK, SMP, ADUS, BERY, QIHU, EXLP, SSYS, DFRG, STMP, BWLD, MOS, INGR, FDML and CHUY
- 1) XLY 2) TSLA 3) EWY 4) AKAM 5) MOS
- 1) DVA 2) SMP 3) BWLD 4) TSL 5) DFRG
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On Tuesday July 16, 2013, a see saw destruction of fiat money likely commenced as Aggregate Credit, AGG, traded higher and the Regional Banks, KRE, and the Too Big To Fail Banks, RWW, led World Stocks, VT, lower, on the miss in retail sales versus expectations.
One Tuesday Mike Mish Shedlock writes Big miss in retail sales vs. expectations. DXLG has been one of the hot retail stocks of late, it traded down 0.9%, as the Retail Stocks, XRT, traded 0.7% lower.
Stockbrokers, IAI, Investment Bankers, KCE, Regional Banks, KRE, such as RF, the Too Big to Fail Banks, RWW, led World Stocks, VT, lower, as Aggregate Credit, AGG, traded higher, with the longer duration bonds, such as ZROZ, and BLV, trading higher more than their shorter duration peers, as the Interest Rate on the US Ten Year Note, ^TNX, traded lower, to 2.53%, on the miss in retail, XRT, sales versus expectations.
Tesla, TSLA, and Ford, F, as well as AXL, TRW, SMP, MGA, DORM,and DLPH, led Automobiles, CARZ, lower. Biotechnology, IBB, Clean Energy, PBD, Meida, PBS, and IPOs, FPX, traded lower as well.
Energy Partnerships, AMJ, and Utilities, XLU, led the Interest Bearing Equities, lower.
The Nikkei, NKY, traded lower. from its rally high.
Currency traders took the Major World Currencies, DBV, and the Emerging Market Currencies, CEW, higher, forcing the US Dollar, $USD, lower. Gold, GLD, and Silver, SLV, traded up, taking Gold Miners, GDX, and Silver Miners, SIL, higher.
An inquiring mind asks, did an Elliott Wave 3 Down commence in stocks on Tuesday July 16, 2013?
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