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Very Low SPY Volume at New Intermediate High
From Quantifiable Edges via ETF Prophet:
SPY volume came in at the lowest level in over a month on Monday. Very low SPY volume when the market is at or near highs is often a bearish sign. A few studies related to this appeared in the Quantifinder this evening. I decided to examine the combination of a 20-day low in volume combined with a 50-day high in price.
Read the rest here.
Comments »The Highest Type 5 Stocks
Electronic Retailers May Miss Out on Gadget Sales This Holiday Season
Nikkei Gaps Down Over 1%
Bears K.O. Bulls on European Folly; Gold Soars
Today’s Top Winners and Losers
No. Ticker % Change Industry Market Cap
1 DGX 11.40 Medical Laboratories & Research 8,070,000,000
2 CNC 10.35 Health Care Plans 1,460,000,000
3 FTNT 9.21 Computer Peripherals 2,930,000,000
4 LII 8.69 Appliances 1,560,000,000
5 TTWO 7.23 Multimedia & Graphics Software 1,250,000,000
6 ILMN 7.21 Biotechnology 3,570,000,000
7 UA 7.14 Textile – Apparel Clothing 3,940,000,000
8 ALB 7.02 Synthetics 4,460,000,000
9 BP 4.76 Major Integrated Oil & Gas 132,080,000,000
10 OCN 4.27 Savings & Loans 1,370,000,000
11 NUS 4.11 Personal Products 2,870,000,000
12 NG 4.07 Gold 1,870,000,000
13 SLW 4.03 Silver 11,040,000,000
14 AG 3.90 Silver 1,710,000,000
15 RCII 3.85 Rental & Leasing Services 1,990,000,000
16 AH 3.84 Health Care Plans 2,250,000,000
17 EGO 3.83 Gold 9,590,000,000
18 HMY 3.70 Gold 5,340,000,000
19 MFN 3.35 Industrial Metals & Minerals 1,140,000,000
20 SHW 3.25 Specialty Retail, Other 8,670,000,000
21 ANV 3.19 Gold 3,220,000,000
22 GG 3.14 Gold 37,350,000,000
23 RGLD 3.13 Gold 3,740,000,000
24 SLT 3.13 Copper 32,230,000,000
25 CHS 2.96 Apparel Stores 2,150,000,000
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No. Ticker % Change Industry Market Cap
1 NFLX -35.23 Specialty Retail, Other 6,240,000,000
2 FSLR -20.24 Solar 5,000,000,000
3 HFC -12.71 Oil & Gas Refining & Marketing 3,460,000,000
4 RMD -12.15 Medical Appliances & Equipment 4,800,000,000
5 CIEN -11.14 Communication Equipment 1,330,000,000
6 GMCR -10.76 Processed & Packaged Goods 11,290,000,000
7 HBHC -9.91 Regional – Southeast Banks 2,820,000,000
8 JDSU -9.46 Communication Equipment 2,550,000,000
9 SLM -9.20 Credit Services 7,220,000,000
10 HANS -9.19 Beverages – Soft Drinks 8,150,000,000
11 CVI -8.25 Oil & Gas Refining & Marketing 2,210,000,000
12 YNDX -8.17 Internet Information Providers 8,890,000,000
13 WNR -8.12 Oil & Gas Refining & Marketing 1,450,000,000
14 WSH -7.99 Insurance Brokers 7,030,000,000
15 MPC -7.98 Oil & Gas Refining & Marketing 12,780,000,000
16 X -7.71 Metal Fabrication 3,570,000,000
17 TROW -7.11 Asset Management 14,350,000,000
18 GNW -6.93 Life Insurance 3,120,000,000
19 DMND -6.82 Processed & Packaged Goods 1,510,000,000
20 WDR -6.82 Asset Management 2,360,000,000
21 POL -6.73 Synthetics 1,130,000,000
22 STM -6.70 Semiconductor – Broad Line 6,600,000,000
23 ZION -6.56 Regional – Pacific Banks 3,310,000,000
24 TLAB -6.40 Communication Equipment 1,710,000,000
25 SWFT -6.34 Trucks & Other Vehicles 1,320,000,000
26 PANL -6.31 Computer Peripherals 2,350,000,000
27 TEX -6.26 Farm & Construction Machinery 1,640,000,000
28 HGSI -6.19 Biotechnology 2,590,000,000
29 VLO -6.19 Oil & Gas Refining & Marketing 13,300,000,000
30 SCS -6.06 Business Equipment 1,050,000,000
31 YOKU -5.99 Chinese Burritos 2,570,000,000
32 HDB -5.99 Foreign Regional Banks 24,900,000,000
33 AOL -5.97 Internet Service Providers 1,610,000,000
34 PHM -5.95 Residential Construction 1,990,000,000
35 MWW -5.87 Advertising Agencies 1,130,000,000
36 ALV -5.86 Auto Parts 5,270,000,000
37 LNC -5.83 Life Insurance 6,190,000,000
38 MMM -5.73 Conglomerates 58,310,000,000
39 DNR -5.68 Independent Oil & Gas 6,520,000,000
40 REGN -5.68 Biotechnology 5,560,000,000
41 CTCM -5.67 Broadcasting – TV 1,890,000,000
42 DFS -5.64 Credit Services 13,440,000,000
43 TSO -5.59 Oil & Gas Refining & Marketing 3,700,000,000
44 SOHU -5.54 Chinese Burritos 2,340,000,000
45 LXK -5.53 Computer Peripherals 2,480,000,000
46 CPHD -5.49 Scientific & Technical 2,430,000,000
47 ATI -5.36 Industrial Metals & Minerals 4,560,000,000
48 WFR -5.28 Solar 1,440,000,000
49 LAZ -5.25 Asset Management 2,940,000,000
50 ACI -5.25 Industrial Metals & Minerals 3,750,000,000
3D HeatMap
Today’s Industry Highlights
Via Yahoo Finance
| Top Performing Industries | % Change |
| Appliances | +2.38% |
| Silver | +2.00% |
| Semiconductor – Broad Line | +1.70% |
| Gold | +1.55% |
| Medical Laboratories & Research | +1.13% |
| View Leaders & Laggards… | |
| Worst Performing Industries | % Change |
| Music & Video Stores | -34.48% |
| Regional – Southeast Banks | -3.87% |
| Foreign Regional Banks | -3.71% |
| Photographic Equipment & Supplies | -3.27% |
| Building Materials Wholesale | -2.93% |
Student Price Index Jumps 4.9%; Don’t Worry Uncle Sam Says No Inflation
Consumer Confidence: Prior 45.4, Market Expects 46, Actual 39.8…Richmond Fed Comes in @ -6
Upgrades and Downgrades This Morning
Upgrades
YZC – Yanzhou Coal Mining initiated with a Market Perform at Bernstein
PTR – PetroChina upgraded to Neutral from Sell at Goldman
CWT – California Water upgraded to Buy from Neutral at Janney Montgomery Scott
NKE – Nike initiated with a Buy at Auriga
LOW – Lowe’s upgraded to Buy from Neutral at Janney Montgomery Scott
HUBG – Hub Group downgraded to Hold at Stifel Nicolaus
T – AT&T downgraded to Market Perform from Outperform at Bernstein
DRI – Darden Restaurants added to Top Picks Live list at Citigroup
STJ – St. Jude Medical upgraded to Buy from Neutral at Mizuho
WRC – Warnaco Group downgraded to Market Perform from Outperform at Wells Fargo
TDC – Teradata initiated with a Neutral at UBS
JASO – JA Solar upgraded to Overweight from Neutral at Piper Jaffray
SIG – Signet Jewelers initiated with a Neutral at Northcoast
WSH – Willis Group upgraded to Overweight from Equal Weight at Barclays
ZQK – Quiksilver initiated with a Buy at Auriga
Downgrades
HS – Healthspring downgraded to Neutral from Outperform at Wedbush
SAN – Banco Santander downgraded to Underweight from Neutral at JP Morgan
FN – Fabrinet downgraded to Hold at Stifel Nicolaus
HTLF – Heartland Finl downgraded to Hold at Stifel Nicolaus
FLWS – 1-800-FLOWERS initiated with a Neutral at Northcoast
SOL – ReneSola downgraded to Neutral from Overweight at Piper Jaffray
NFLX – Netflix downgraded to Neutral from Buy at Goldman
VTR – Ventas downgraded to Hold at Stifel Nicolaus
FRX – Forest Labs downgraded to Hold at Argus
HWAY – Healthways downgraded to Underweight from Hold at BB&T
OHI – Omega Health downgraded to Hold at Stifel Nicolaus
LDK – LDK Solar downgraded to Reduce at Nomura
YGE – Yingli Green Energy downgraded to Neutral at Nomura
VRUS – Pharmasset removed from U.S. 1 List at BofA/Merrill
STM – STMicroelectronics downgraded to Hold from Buy at Natixis
AAN – Aaron’s downgraded to Hold from Buy at BB&T
VECO – Veeco Instruments downgraded to Neutral from Buy at Sterne Agee
Comments »Gapping Up and Down This Morning
Gapping up
EK +2.3%, MT +1.6%, BP +4.8%, SLTM +4.4%, WFT +3.8%, SPEX +23.5%, UIS +22.4%, JASO +8.6%, HXL +7.1%,
FTNT +6.4%,UBS +3.3%, YGE +2.8%, RCII +1.2%, DB +1%, DD +1%, HXL+7.1%, NOV +5.2%, JASO +4.9%, BYD +1.1%,
AEZS +7.9% , SLTM +4.4%, AKS +1.7%, LOW +1%
Gapping down
NFLX – 35%, STM -4.8%, TXN -1.5%, LNT -1.5%, UCTT -11.1%, HWAY -10.5%, RMD -8.5%, VLTR -8.4%,
ANEN -8.4%, ZION -8%, ADES -7.5%, AAN -7.3%, MNTA -15.8%, EMKR -13.6%,
Comments »In Play and on the Wires
Case Shiller Index: Prior -4.1%, market Expects -3.5%, Actual -3.6%
European Markets Take a Day of Digestion Before The Big Bailout Meeting
Commodity companies reported decent earnings and are subsequently trading higher keeping some European indices near the unch line to slightly higher. Otherwise most equities are digesting gains of the last week awaiting results from the bailout meeting tomorrow.
Comments »Asian Markets Trade Higher, Europe Trades Lower, and U.S. Futures Trade Slightly Above Unch
Flash: Stocks Continue Higher
Dow Jones 11,913.62 +104.83 (0.89%) S&P 500 1,254.19 +15.94 (1.29%) Nasdaq 2,699.44 +61.98 (2.35%)
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Copper rallies on China News; Gold Ends Higher
Gold futures ended 1% higher on Monday, but copper stole the spotlight by settling 7% higher as investors cheered news a gauge of China manufacturing rose to a five-month high. Gold for December delivery GC1Z +1.19% added $16.20 to settle at $1,652.30 an ounce on the Comex division of the New York Mercantile Exchange. December copper HG1Z +7.18% rallied 23 cents to end at $3.45 a pound. That’s copper highest settlement in a little more than a month.
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