LOTS of new highs, presented by the market’s current admixture of ebullience and trepidation. Right now, there seems to be more buys than sells within the equity-verse. In summary, I present charts of $CHUY $KORS $MTH $ROSE $LNKD, and one to “watch” $OIH, an ETF that tracks the PBOE Oil Service Index (^OSX):
And one stock-tweeter, @sectortrends, has observed, the PBOE Oil Service Index has broken a longer term “descending trend line”, extending back to ’07 – ’09. I observe recent fresh highs, with a potential build towards higher lows and highs. In addition, another stock-tweeter, @macromon, has observed how Dow Transports, as a leading indicator, presage the rise in energy demand and prices.
following, via @macromon: