Split Decisions

 | Dec 16, 2011 | 2:48 PM EST  | Comments
  • Comment
  • Print Print
  • Print
Stock quotes in this article:




















Today's a tough one because gold is up and copper's rallying, but the CurrencyShares Euro Trust (FXE) has given up its gains and oil can't find its footing. This is a split set of indicators, so we are getting a split stock market.

What's intriguing to me is the strength in some high-fliers and not others. Panera (PNRA) and Chipotle (CMG) are strong. But Ralph Lauren (RL) and V.F. Corp. (VFC) are weak. Deckers (DECK) is snapping back. Lululemon (LULU) is selling off.

Meanwhile, the transports are rallying hard but the industrials are selling off. Caterpillar (CAT), Alcoa (AA), 3M (MMM) and United Technologies (UTX) have been trading very much in sync with oil and copper. But not today. The banks? They don't seem to want to come down.

I don't trust anything on my screen. No one has an ounce of confidence or conviction. I reiterate that if you own high-fliers, use the meager strength to trim.

The only thing I actually trust is yield, especially with this 10-year bond -- the price is going up so much that the yield is microscopic. It's the only safe game in town.

Columnist Conversations

We knew what the trading world was looking at in recent weeks.  It was the famous head and shoulders top in t...
I've already posted this on twitter.  This is just a reminder that even though AAPL is rallying off the WEEKL...
Under Armour (UA) is getting lots of press today after signing "The largest revenue contract in NCAA history"....
FIBOCALL: XLF- Are you a BUYER today? The XLF is flirting with the 100 Week Moving Average @ 23.59 today. The ...



News Breaks

Powered by


Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.