- Large-Cap Value +.43%
- Energy +1.12% 2) Oil Service +1.08% 3) Tobacco +.96%
- LINE, BBEP, SNTS, REGI, LNCO and WLT
- 1) BAX 2) JNPR 3) LO 4) DELL 5) HBAN
- 1) AMTD 2) AGCO 3) AOL 4) OSK 5) LMT
Monday, July 08, 2013
Bull Radar
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The Interest Rate on the 10 Year US Note, ^TNX, traded lower to 2.65%. Aggregate Credit, AGG, led by Junk Bonds, JNK, rose, giving impetus to the Interest Rate Sensitive Sectors, Electric Utilities, XLU, Mortgage REITS, REM, and Energy Partnerships, AMJ, to lead the Big Nine, seen in this Finviz Screener, and US Stocks, VTI, and World Stocks, VT, higher. Europe, VGK, and the European Financials, EUFN, rose strongly reflecting overnight trading.
Yield bearing sectors trading higher included AUSE, BRAF, EUFN, and RWW, the latter to a new high, which gave impetus to the Russell 2000, IWM, and the Russell 2000 Growth, IWO, to swell to new highs.
The safe haven rally in consumer stocks likely finally ended with gusto today in a grand finale finish. Sectors trading higher included PSCE, XRT, PPA, IHF, RZV, FDN, PBS, IAI, FPX, PJP, PJB, RXI, IYC, VCR, IGV, IBB, and KRE, all to new rally highs.
Specialty Retailers, LOW, HD, AZO, RH, BBBY, BID, BBBY, and Internet Retailing, FDN, components, AMZN, PCLN, and GOOG, traded up, making for the short selling opportunity of a lifetime, as in a market blow off top, one sells at the top, just like in a bull market one buys into dips, but in a bear market, one sells into pips. Other short selling opportunities included debt laden, DLPH, LVNTA, LBTYA, CHTR, BAH, LABL, LGF, CEB, and M.
Briefing.com reports the largest tech component, Apple (AAPL 415.05, -2.37), shed 0.6% amid reports suggesting the company is reducing its smartphone production. Major Apple suppliers also registered losses as Broadcom (BRCM 33.37, -0.40) and Qualcomm (QCOM 59.99, -0.96) both fell near 1.4%.
Intel, INTC, and Taiwan Semiconductors, TSM, led Semiconductors, SMH, lower, and Micron, MU, led Semiconductor Chip Manufacturers, SCMA, lower. Home Builders, ITB, traded lower.
Thailand, THD, Philippines, EPHE, Turkey, TUR, and Indonesia, IDX, traded lower
Gold, GLD, Silver, SLV, and Base Metals, DBB. rose. Butt heir mining companions did not. It was a most excellent day to invest in Gold Miners, GDX, such as ABX, ANV, NEM, KCG, and RGLD, as is suggesgted in their ongoing Yahoo Finance Chart.
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