The market was more or less flat for this holiday week. The first week of January usually brings in new money so we could see the recent rally continue.
The top stock in the S&P500 for 2011 was COG (few people are familiar with the name).
Top sectors were XLU and XLP, and Bonds.
Probably the worst sector was Solar, followed by Financials and Basic Materials.
Big winners this year: MA, V, ISRG, ROST, TJX, DLTR, BIIB, PRGO, TLT and more...
Big losers this year: AMR, BAC, C, EK, FSLR, NFLX, MWW, ODP, OMX, RIMM
10 best stocks for 2012
New all time highs: ISRG, DUK, PGN
All time lows: UNG (natural gas)
Pops & Drops: SHLD tanked this week!
Next week: Economic reports Holiday week -4 trading days. Monthly jobs report due on Friday.
| Market Commentary |
Still looking for an 'ABC' up leg to complete this rally which started around Dec 19th. We could get it next week as we kick off 2012, followed by earnings reports the next week. This year had many ups and downs in the market, finishing right where it started.
In the bigger picture, we could see more downside action in 2012 as the European situation worsens, and the US Dollar strengthens. Does that mean Bonds will rally even more? We'll see!
This week's charts:
2011 winners
2011 losers
10 year Treasury yields lower than 2008!
2011 market performance:
Sectors:
The big picture:
Commodities (charts):
Oil prices dropped, closing just under $98.83
Natural Gas dropped, closing near $2.99
Gold dropped, closing near $1566
The 30 year Bond futures rallied, closing near $144.81
The US Dollar was mostly unchanged, closing near 80.52
NEWS:
U.S. stocks end mixed year with a whimper
Dow's biggest losers and winners (2011)
The year’s best and worst sector funds
The Economy's Not as Bad as You Think
In 2012, something’s gotta give
TREASURIES-US 10-yr yield heads for biggest annual drop since 2008
Sears, Kmart Stores Closing: S&P Puts Retailer On Review For Downgrade
Euro Leaders Aim to Buy Time to Save Currency
Emerging markets take 2011 hit; 2012 may be better
Natural Gas Falls Below $3 for First Time in More Than 2 Years in New York
Copper Producers Could Still Have Long Way To Fall
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