Random Thoughts


You hate to read too much into a holiday shortened session but you certainly can't ignore the action. So with that said....

Friday was a little mixed.

The Quack plowed ahead to close at multi-year highs, gaining over 1/3%.

The Ps tried to rally but came back in to close slightly in the minus column.

The Rusty put in a similar performance but managed to finish in the black, albeit barely. Nevertheless, this is enough to keep it at all-time highs. Better-than-a-poke-in-the-eye is what I say.

With the broad based Rusty hovering around new highs, it is no big shocker that internally things are still looking pretty good.

Drugs, led by Biotech, managed to bang out all-time highs.

The Semis, which have been trading mostly sideways as of late, ended slightly higher. This action has them probing the top of their trading range.

Defense, Regional Banks, Conglomerates, Computer Hardware, and Health Services to name a few remain in uptrends and at or near new highs.