The tremendous strength in the market continues as sector rotation is helping stocks with good bases to break out.
New Highs
45 new all-time highs among stocks that gained 1% or more: KORS SCTY EAC TLP FRGY NCLH MOV POWL FBHC CR LPDX
155 new 52-week highs among stocks that appreciated 1%+. Some of the notable movers include:
- After a month or so side-ways consolidation, big banks are breaking out again. $C $BAC
- Momentum is back in homebuilders. Buyers stepped up near their rising 50dma with gusto. Multiple 4%+ moves today: $KBH $RYL $PHM
- Solar stocks are trading like it is 2007 all over again. A bunch of new highs in the group in anticipation of a green friendly State of the Union Speech from President Obama: $SPWR $SCTY $TAN
- The ultimate “aging America” plays reminded of themselves, clearing blue sky: $FVE $BKD $ESC
- $YHOO and $AOL are trading like it is 1998. New multi-year highs for them
- Other notable breakouts: $SUP (auto parts), $FRGY (restaurant), $KKD (donuts), $ACAS (asset management), $SMTC (semiconductor)
StockTwits 50 Notables
- $KORS did it again. New all-time highs after exceeding Wall Street expectations. One of the most successful retail IPO in recent market history. Up 160% since its public debute in December 2011
- In sympathy with Michael Kors, $MOV also clear new all-time highs from a decent short-term base.
- $XXIA is knocking on the 10yr high door
- Homebuilders $PHM and $LEN bounced near their 50dmas
- Relative weakness in 3D printing stocks $DDD and $SSYS
- $RAX fell 7% in the afterhours on a negative earnings surprise