It took only the hint of cont'd fed support and the market & stocks made strong surges yesterday , notably the two rarer stocks that finished in the red : LULU & CF my fave super fertilizer stock that had already bid back up in to some resistance @ $192 and fell back 5pts .
Whatever LULU does from here am sitting already after just 3 trades on more than most made the entire last 3mos of its rising , so i own it from now on & will even trade long on pulbacks .
Its an especially tweeked situation here with counter current data for if the Fed feels the need for more stimulous then why are we seeing such highs ? But this is what they based this run up on plus the incredible strength demonstrated by the Tech sector and we are going once again into earnings in a week with MON report on 4/4 which kicks the US earnings seasons off each Qtr , then were off to the races of earnings again, a very very manic time .
(ORCL did report Q1 last week )
Not just Tech/Nasd but the Defense Index , Retail Indexes , Healthcare ,Financials , Russell 2000 & S&P/SPY , $INDU /DIA , all bid up to new dizzy highs here with the TRAN just off high . Oil prices are the wild card , if they get those down then even more reasons to keep things bid up but so far not happening .
Lagging is XLE/Energy ...OIH/OIl services ...BTK/Biotech .... GDX , GLD , SLV ,UNG ...TLT any others some like to mention. |
