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Internals were mixed, volume was light (says the broken record). Advances/declines were 11 to 8 on the NYSE but 9 to 10 on the Nasdaq, with up/down volume flat on the NYSE but 5 to 4 on the Nasdaq. New highs/lows were 157/1 on the NYSE and 94/6 on the Nasdaq.
Leaders — Oil (+1.21%), HMOs (+1.07%), Natural Gas (+0.99%), Drugs (+0.68%), Network (+0.61%), Utilities (+0.57%), Insurance (+0.51%), Retailers (+0.42%)
Laggards — Metals (-1.48%), Biotechs (-1.42%), Paper (-0.69%), Broker Dealers (-0.57%), Gold/Silver (-0.53%), Homebuilders (-0.40%), Airlines (-0.34%), Transport (-0.30%)
An extensive visual representation of the day’s winners and losers can be found at Finviz.com.
Treasury Yields — 6-Month : 0.10 %, 2-Year : 0.25 %, 5-Year : 0.81 %, 10-Year : 1.98 %, 30-Year : 3.15 %
Energy Prices — Crude oil: $98.81/barrel, Gasoline: $2.93/gallon, Natural Gas: $2.49/mmBTU
US Dollar Index — 78.578
Precious Metals — Gold: $1746.30/ounce, Silver: $34.23/ounce, Platinum: $1648.00/ounce
BMB Note:
As long as the uptrend remains intact, we’ll continue our approach of nibbling at the long side – waiting for entries, grabbing partial profits if/when offered, and honoring stops.
I think Im going to stay out until I see a pullback at least to the 10 day on the $SPX.