Subscribe in a reader(Data as of 2PM EST)
The major indices are breaking out above major resistance today with good volume. As it has over the past few days, technology leads the way once again. Today's move is a signal to become more aggressive on the long side.
Subscribe in a reader(Data as of 12:30PM EST)
Today's strong market is led by transportation, financials, energy and semis. Select emerging market ETF's are doing well.
| Ticker | Chart | Name | Price | % Price Change | % Volume Change | RS | % From 50DMA | % From 200DMA |
| TLT |  |
Ishares Lehman 20+ Yr | 91.26 | -1.17 | 183 | 69 | 1.59 | 2.84 |
| IGW | |
Ishares Semiconductor | 48.62 | 1.55 | 94 | 38 | -4.48 | -3.34 |
| XLY | |
SPDR Consumer Discretionary | 31.7 | 1.18 | 200 | 44 | -3.71 | -2.85 |
| XLF | |
SPDR Financial | 28.9 | 1.26 | 134 | 49 | 0.31 | -0.65 |
| EEM | |
Ishares Emerging Markets | 205.48 | 2.02 | 239 | 71 | -1 | 9.58 |
| EWG | |
Ishares Germany | 17.7 | 1.72 | 331 | 62 | -2.21 | 3.75 |
| RKH | |
HLDRS Regional Banks | 135.36 | 1.24 | 242 | 56 | 1.68 | 0.07 |
| EWY | |
Ishares South Korea | 31.56 | 3.71 | 163 | 68 | -3.16 | 12.31 |
| OIH | |
HLDRS Oil Service | 90.44 | 1.56 | 79 | 79 | -4.81 | 7.04 |
| XLE | |
SPDR Energy | 40.59 | 0.69 | 55 | 87 | -4.65 | 9.88 |
| IYT | |
Ishares Transportation | 62.87 | 1.16 | 450 | 66 | -4.21 | 0.38 |
Subscribe in a reader| Ticker | Name | Price | %Price Change |
% Vol Change | DI 20 | DI 40 | RS | % From 50DMA | % From 200DMA |
| IYZ | Ishares Telecom | 23.27 | -0.21 | 242 | -1 | -1 | 57 | 0.26 | 1.09 |
| PPH | HLDRS Pharma | 74.32 | 1.23 | 204 | 4 | 13 | 56 | 4.02 | 3.02 |
| EWJ | Ishares Mcsi Japan | 10.5 | -0.47 | 142 | -6 | -4 | 45 | -1.87 | 2.34 |
| XLE | SPDR Energy | 42.02 | -0.8 | 139 | -2 | -8 | 89 | -0.1 | 15.95 |
| RKH | HLDRS Regional Banks | 132.95 | -0.49 | 119 | -7 | -7 | 52 | -1.86 | -1.58 |
| OIH | HLDRS Oil Service | 94.4 | -0.53 | 75 | -2 | -5 | 83 | -0.44 | 13.68 |
| IGE | Ishares Natural Resources | 144 | -0.86 | 66 | -1 | -10 | 83 | -1.11 | 11.55 |
| XLB | SPDR Materials | 29.38 | -1.61 | 55 | -5 | -8 | 69 | -3.26 | 4.07 |
| BHH | HLDRS B2B Internet | 2.63 | -0.75 | 54 | -2 | -4 | 57 | -1.87 | 4.37 |
| IYR | Ishares US Real Estate | 115.05 | 0.03 | 42 | -2 | -6 | 61 | -0.55 | 2.19 |
| HHH | HLDRS Internet | 53.46 | -0.69 | 40 | 0 | -3 | 27 | -4.99 | -11 |
Money continues to flow out of materials and energy and into pharmaceuticals.
Note About DI 20, DI 40 Scores:
The Demand Indicators measure price and volume movements to gauge institutional demand. Points are awarded for high volume moves up (institutional buying) as well as light volume selling (indicating healthy consolidation). The score decreases with low volume buying (indicating demand is waning) as well as high volume selling (institutions dumping shares). The higher the overall score, the greater demand for the stock.
Clearly, rotation into big pharma is occurring as evidenced by the DI scores for the HLDRS Pharmaceutical ETF (PPH). Merck (MRK) and Pfizer (PFE) have moved impressively off the lows, while Johnson and Johnson (JNJ) continues its strong uptrend. These 3 companies are the largest holdings in the PPH ETF.
Given the broad end of day sell off, I thought I'd post the end day results for ETF Movers as well- note the big end of day sell off in the transportation for the second day in a row.
| Ticker | Name | Price | Price % Change | Vol % Change | DI 20 | DI 40 | RS | % From 50DMA | % From 200DMA |
| PPH | HLDRS Pharma | 74.6 | 1.61 | 348 | 4 | 13 | 56 | 4.41 | 3.41 |
| IYT | Ishares Transportation | 63.72 | -2.98 | 132 | -12 | -14 | 71 | -4.05 | 2.43 |
| XLE | SPDR Energy | 41.63 | -1.72 | 96 | -2 | -8 | 89 | -1.02 | 14.87 |
| IYZ | Ishares Telecom | 23.1 | -0.94 | 86 | -1 | -1 | 57 | -0.47 | 0.35 |
| XLB | SPDR Materials | 29.15 | -2.38 | 72 | -5 | -8 | 69 | -4.02 | 3.26 |
| EWJ | Ishares Mcsi Japan | 10.43 | -1.14 | 70 | -6 | -4 | 45 | -2.52 | 1.66 |
| EWS | Ishares Singapore | 7.42 | -1.07 | 60 | -9 | -8 | 71 | 0.27 | 6.46 |
| OIH | HLDRS Oil Service | 92.46 | -2.57 | 45 | -2 | -5 | 83 | -2.49 | 11.34 |
| IYM | Ishares Basic Materials | 48.98 | -3.03 | 41 | -3 | -2 | 68 | -5 | 2.32 |
| IGE | Ishares Natural Resources | 141.94 | -2.28 | 40 | -1 | -10 | 83 | -2.53 | 9.95 |
| BHH | HLDRS B2B Internet | 2.68 | 1.13 | 39 | -2 | -4 | 57 | 0 | 6.35 |
| XLI | SPDR Industrial | 30.14 | -1.21 | 36 | -4 | 0 | 65 | -1.37 | 2.59 |
| EEM | Ishares Emerging Markets | 205.1 | -1.82 | 35 | -3 | -5 | 75 | -2.15 | 11.21 |
| RTH | HLDRS Retail | 91.42 | -0.76 | 29 | -5 | -6 | 39 | -5.66 | -2.94 |
| RKH | HLDRS Regional Banks | 131.77 | -1.37 | 25 | -7 | -7 | 52 | -2.73 | -2.46 |
| IWM | Ishares Russell 2000 Index | 119.5 | -1.91 | 24 | 0 | -1 | 55 | -4.25 | 0.49 |
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