So stocks were poleaxed today and they were due for a comeuppance.

The market is due for a big rest and it feels good to be off margin for sure on days like today.

That said, today let’s look at the continuing explosion of New Highs and categories that continue to work.

Aerospace and Defense Names have all hit all-time highs this week. Most of these stocks were on my buy list back in October as well.

Armor Holdings – AH
Lockheed Martin – LMT
Curtiss-Wright Corp – CW
BE Aerospace – BEAV
Alliant Techsystems – ATK
L-3 Communications – LLL

They have been trending forever so who knows when it will stop. Guns and Ammo (not voltage – see Taser) are always in vogue.