Big Weekly Gains

Bargain hunting in oversold areas (see SLV, XOP, FXI) along with increasing confidence following this morning's report on retail sales kept the bulls in charge.

For the week, the S&P 500 gained +1.5%, the Dow increased +1.3%, and the Nasdaq climbed +2.8%. Outperforming sectors this week were in casinos & gaming, computer hardware, airlines, storage devices, advertising, brokers, investment services, publishing, apparel retailers, restaurants, defense, coal, tobacco, and REITs. Underperforming sectors were in water utilities, oil & gas, auto & truck manufacturers, natural gas utilities, insurance, mobile services, trucking and life insurance.

As for stocks, this top upside movers over the past 5 days were ANTP, CBLI, CCOI, COSI, EDA, FTGX, GHDX, GOAM, HA, IDP, IESC, INCY, INPH, JADE, MGM, PRFT, PRXI, PTT, SGEN, SPRT, SPWR, STKL, SVNT, SYNT, and TELK. Top losers were AZL, BRLC, CELL, CHU, DVAX, EMAG, EPG, FSTR, GRRF, HOS, IAAC, LYTS, MEDE, MLS, MPX, MXWL, OMNI, PDFS, PWEI, RZ, SIL, UPG, and VNT.

I don't know about you, but I'm ready for the weekend and my plan to get as much rest as possible ahead of the next few weeks. Have a great weekend!