Market Recap: In The Ayer

[youtube=http://www.youtube.com/watch?v=0fEI2ZHUs6o]

The Reformed Broker, AKA Armand Hammer, here with today’s Market Recap

So North Korea tests a nuclear bomb and long range missile and the Case Shiller housing numbers, while backward-looking, are still apocalyptic.  How does the market react?

EXPLOSION!

 

The Dow was up around 150 to 200 points all day, without any real leadership from the banks, I might add.

Here’s where the strength was at the 3:30 look…

Leaders in Price Performance (Intraday)  
REIT – Hotel/Motel +10.38%
Office Supplies +7.48%
Toy & Hobby Stores +6.85%
REIT – Residential +6.43%
Wholesale, Other +6.35%
REIT – Retail +6.25%
Textile – Apparel Clothing +6.03%
REIT – Office +5.90%
REIT – Industrial +5.77%
Personal Computers +5.71%

The REITs continue to lead the market higher, astoundingly, and bullishness in general was In The Ayer.

Thanks for reading today, have a great night!

Full Disclosure: No positions mentioned.  My commentary above is strictly a recap of publicly available data and is not to be construed as research or an invitation to buy or sell any securities.  Don’t invest or trade based on anything you read on this site, see my Terms & Conditions page for a full disclaimer.

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