The retracement of last week's drop continues, as this morning we blow past another minor resistance level at 1323, next stop 1333. Wow, is this ever wierd: the leading sector today, by a pretty good chunk, are XLU and XLV, lagging are XLE, XLF, and XLK. The Nasdaq and Russell 2000 are both lagging. I have oil down a bit, gold up a bit, and treasury yields down a bit. For the big ramp in the SPX, the underlying internals are not supporting that bullishness.
I have 349 new highs so far, with breakouts in ARGN, MRX, NHP, TREX, CT, PULS, and PMFG. I have a bunch of stocks scheduled to report this morning, and it looks like some have actually reported: AFAM up 1.4%, CDE up 13%, and EXAC up 2.3%. GGP is reporting today but no time has been supplied.
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