Friday Morning Update

There isn't much change on today's chart, despite the ugly looking drop we had this morning, on the 10 day chart is looks like it is barely there. The oil pipeline fire story has turned out to be a dud (there may actually be a fire, but nobody seems to care), and it looks like business as usual: scare the small guys out in the morning, rally it up in the afternoon. XLY is the only sector in the green right now, with XLP and XLK not too far back. XLE is lagging very badly, no other sectors even close. The Nasdaq is leading, the Russell 2000 about even. Oil and gold are down, treasury yields down pretty big.

I have 70 new highs so far, with breakouts in CACH, ASNA, SLE, GCO. ZNGA, and DKS. I have reports this morning from BIG, down 1.5%, and DIN down 1.1%. I had LNG scheduled, but it looks like they reported earlier this quarter.