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Internals were positive, volume was better. Advances/declines were 3 to 1 on the NYSE and 2 to 1 on the Nasdaq, with up/down volume 7 to 2 on the NYSE and 14 to 5 on the Nasdaq. New highs/lows were 147/9 on the NYSE and 97/10 on the Nasdaq.
Leaders — Gold/Silver (+6.10%), Biotechs (+5.05%), Metals (+3.69%), Airlines (+2.99%), Natural Gas (+2.72%), Homebuilders (+2.33%), Commodities (+2.05%), Oil Services (+1.66%)
Laggards — Paper (-2.22%), Network (-1.35%), Broker Dealers (-0.61%), HMOs (-0.53%), Banks (+0.14%), Drugs (+0.19%), Defense (+0.25%), Insurance (+0.42%)
An extensive visual representation of the day’s winners and losers can be found at Finviz.com.
Treasury Yields — 6-Month : 0.06 %, 2-Year : 0.22 %, 5-Year : 0.80 %, 10-Year : 2.00 %, 30-Year : 3.14 %
Energy Prices — Crude oil: $99.81/barrel, Gasoline: $2.85/gallon, Natural Gas: $2.75/mmBTU
US Dollar Index — 79.419
Precious Metals — Gold: $1710.40/ounce, Silver: $33.31/ounce, Platinum: $1579.00/ounce
BMB Note:
Not much for comments today. Proof that overbought can become more overbought. And I’d say mean, nasty, ugly, evil things about Bernanke and the Fed, but then I’d have black SUVs pulling up in front of my house.
On the Fed news, the PMs jumped, and bond yields took a dive, especially the five-year.
Then again, maybe it’s not so bad. By now, we should all be getting pretty comfortable with the whole “bubble, crash, bubble, crash, bubble, crash” routine.
Scott Bleier on Twitter:
Gotta get with the program: If the FED adds another half trillion and the ECB does the same, the DOW is going to 14k within six months. $$
It is insane nonetheless.
Why don’t then just get it over with and do a trillion each. Just print enough to retire ALL DEBT? 15 trillion for U.S.? why not
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