The breakouts have gone parabolic, the banks have broken out big time and the trannies dropped down to that moving average, stuck the landing, and then bounced higher talking the animal spiritis with them.
My pal Ivan at StockTwits chronicles the week that was and zeroes in on the hottest stocks in the game:
If there was a reward for the most eventful week in 2012, last week would have won so far: the S & P 500 went above 1400 for the first time since 1999, the Nasdaq Composite passed 3000, major banks broke out decisively from a solid six-week range and lastly, but immensely important – long-term Treasuries plunged to the tune of almost 4%.
Keep reading:
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