Momentum Wrap – Trucking and Airline Stocks Occupy The All-Time High List

on March 13 | in Daily Update | by

new highs March 13

New Highs

58 all-time highs among stocks that gained 1% or more: EGL GNMK JBHT ALK WETF CSII LGF FANG CRAY HBI …

147 new 52-week highs among stocks that appreciated 1%+ today. Some of the notable movers include:

  • With the Transport index ($IYT) at new all-time highs, is it any surprise that trucking and airline stocks continue to beast.
  • They say that market is much better at predicting the news than the news is at predicting the market. Today’s strong retail data confirmed the recent price action in retail stocks. The retail ETF $XRT cleared new all-time highs. $NFLX was the biggest gainer in the sector.
  • Asset management stocks are on fire. From one said they have a strong market behind their back, from another – anxious investors, who are hurruing to put back money to work after reading all-those ‘Dow at new all-time highs’ front page headlines: $WETF $TTS…Brokerage stocks have been doing well for the same reason: $ETFC $SCHW

StockTwits 50 Highlights

  • 3 big red lights on the list today: $QIHU broke down – emerging market stocks have been notably week as of late; $EBAY continues to deteriorate and it closed below its 100dma for the first time in 15 months; $ARMH broke down and it closed below its 50dma for the first time since September last year.

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