Business

The indices managed to surge at the end of the day and closed at the highs for the day going away with some gains on the session after some early losses, as this resilient market once again held price and moving average support before moving back up in a nice 5-wave advance from late morning until the end of the day.

Net on the day the Dow was up 30.31 at 10437.27, the S&P 500 up 99 cents at 1110.29, and the Nasdaq 100 up 4.65 at 1812.21.

However, advance-declines were negative today by 343 issues on New York and by about 200 issues on Nasdaq. Up/down volume was slightly positive but near flat on New York on total volume of a paltry 930 million. Nasdaq traded a little over 1 3/4 billion and had a 4 to 3 positive volume ratio.

TheTechTrader.com board was mostly higher today with a very mixed picture. Fuel System Solutions (FSYS) led the way, up another 1.52 to 51.99. A Power Energy (APWR) jumped $1.98 to 13.56 and Smartheat (HEAT) rose 1.50 to 12.50.

On the downside, Netlist (NLST) was slammed back from its recent 1000% move, dropping to 4.10 at the close, down 2.14 on 13 million. BioCryst Pharmaceuticals (BCRX) dropped 1.15 to 11.17.

Those were the only point-plus losers.

Other gainers of note, China Automotive (CAAS) was up 76 cents to 16.80, Sourcefire (FIRE) up 48 cents to 22.64, Nanometrics (NANO) 44 cents to 13.08, and Revlon (REV) up another 41 cents to 17.31.

Stepping back and reviewing the hourly chart patterns, they were up early, then came down hard and tested support, held, and advanced in the last several hours in a 5-wave move, holding the intraday moving averages and closing at the high for the day going away on the Nasdaq 100 and right near it on the S&P 500. A successful day for the bulls indeed.

Good trading!

Harry

The markets were up again in a very sharp rally to start the week. The day started out with a gap up and a very strong rally that took them to new 2009 highs. They then backed and filled for a few hours and then made nominal new highs above that, reaching 1814 and change on the Nasdaq 100 and close to 1114 on the S&P 500. Then a quick sharp sell off ensued, but in the last 20 minutes they snapped back to close positive.

Net on the day the Dow was up 136.64 at 10407.11, the S&P 500 up 15.81 at 1109.29, and the Nasdaq 100 up 18.95 at 1807.56. The Philadelphia Semiconductor Index (SOXX) was up 6.33, more than 2 percent.

Advance-declines were positive by nearly 5 to 1 on New York and by nearly 3 to 1 on Nasdaq. Up/down volume was more than 7 to 1 positive on New York on total volume of just over 1.1 billion. Nasdaq traded more than 2 billion and had a 4 to 1 positive volume ratio.

TheTechTrader.com board was nearly all positive other than the ultrashorts. Leading the way was shipper Genco (GNK), which advanced 2.71 to 27.62, along with Fuel System Solutions (FSYS), up 2.80 to 50.47.

The Direxion Daily Small Cap Bull 3x Shares (TNA) was up 3.15 to 43.75, the Direxion Financial Bull 3x Shares (FAS) 2.60 to 78.78, and Direxion Large Cap Bull 3X Shares (BGU) up 2.52 to 58.19. The U.S. Oil Fund ETF (USO) gained 1.17 to 40.29.

RINO International (RINO) jumped another 2.18 to 28.84. Revlon (REV) continued its monster move of the last two weeks from under 6 to almost 17 today, closing at 16.88, up another 1.72.

Westport Innovations (WPRT) added 1.12 to 12.23, and Nanometrics (NANO) 1.24 to 12.64.

Low-priced Netlist (NLST) continued its explosive move as well, reaching as high as 6.87 from less than 65 cents last week, closing at 6.24, up 1.77 on 25.6 million.

Human Genome Sciences (HGSI) gained 1.08 to 28.97.

Among the fractional moves, Sourcefire (FIRE) advanced 90 cents to 22.16, and Brigham Exploration (BEXP) reached 11.45, a new 52-week high, closing at 11.19, up 50 cents.

Sonic Solutions (SNIC) added 85 cents to 9.90.

Stepping back and reviewing the hourly chart patterns, the indices were up sharply in the first hour, meandered higher, and then rolled over with about an hour to go, only to snapback in the last 20 minutes to close on a positive note.

Good trading!

Harry

For Immediate Release

Chicago, IL – November 12, 2009 – Zacks.com releases the latest Zacks Industry Rank. Stocks featured in this week’s analysis include Fuel System Solutions (FSYS), Oshkosh Truck (OSK) and Wabco Holdings (WBC).

Zacks Industry Rank Analysis is written by Dirk Van Dijk, CFA, Chief Equity Strategist for Zacks.com.
 
This week: The Return of the Living Dead

OK, Halloween is over, but some of the best-looking industries according to the Zacks Rank are those that not long ago were considered part of the living dead.

Case in point is the top performing sector -- Auto-Truck-Tires. Out of 206 industries tracked, the sector has five of them, and the worst of the bunch, Foreign Autos, ranked tied for 89th with a composite score of 2.88. None of the groups were at the very top, but all were better than average.

The original equipment parts makers (although one could argue about the grouping of some of the names) scored best with a rank of 44 and a composite score of 2.62. Three of the 28 firms in the industry, Fuel System Solutions (FSYS), Oshkosh Truck (OSK) and Wabco Holdings (WBC), hold the coveted Zacks #1 Rank, while an additional 10 have #2 ranks.

 
Zacks "Profit from the Pros" e-mail newsletter offers continuous coverage of the industries and the stocks poised to outperform the market. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=5611.

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Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3:1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros.  In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit From the Pros by going to http://at.zacks.com/?id=5610.

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(FSYS) The Return of the Living Dead – Zacks Industry Rank Analysis

OK, Halloween is over, but some of the best-looking industries according to the Zacks Rank are those that not long ago were considered part of the living dead.

Case in point, is the top performing sector -- Auto-Truck-Tires. Out of 206 industries tracked, the sector has five of them, and the worst of the bunch, Foreign Autos, ranked tied for 89th with a composite score of 2.88. None of the groups were at the very top, but all were better than average.

The original equipment parts makers (although one could argue about the grouping of some of the names) scored best with a rank of 44 and a composite score of 2.62. Three of the 28 firms in the industry, Fuel System Solutions (FSYS), Oshkosh Truck (OSK) and Wabco Holdings (WBC), hold the coveted Zacks #1 Rank, while an additional 10 have #2 ranks.

While not part of the sector, the Auto Dealers (which are included in Retail) are tied for the 48th spot with the Domestic Automakers, both with composite ranks of 2.67. Among the dealers, CarMax (KMX), Group 1 Auto (GPI) and Penske (PAG) all hold #1 ranks, while Ford (F) holds a #2 rank.

The Construction sector was also left for dead not that long ago, but it is tied for third place among the sectors. It is more of a mix by industry, but has some of the very strongest, including some very big surprises, including the Mobile Home/RV industry, which is tied for 3rd place in the rankings thanks to #1 ranks from Cavco (CVCO) and Thor (THO), both of which reported earnings that were more than twice as high as expected. Who is the RV industry tied with? Two other building related areas: Lighting Fixtures, led by LSI Industries (LYTS), and Paint, led by RPM International (RPM).

So what does this say about the economy? Mostly good things. It says that the stimulus is working and helping out some of the most depressed sectors. Also that these sorts of durable goods-type firms are among the ones seeing the greatest productivity gains (productivity in durable goods rose at over 20% in the third quarter), and those gains are translating into gains at the bottom line.

Over the long term, I have some doubts about the sustainability of such a move, given the need for the consumer to tighten their belts and save more. However, the bar got set extremely low and it was an easy hurdle to clear. Easy money and low interest rates mean that not only were they able to survive, at least for the short term -- they look like they will be able to thrive.

Here are the stocks added to the Zacks #1 Rank ("strong buy") List today:

• 3M Co (MMM)
• AMCOL International Corp (ACO)
• Archer-Daniels-Midland Co (ADM)
• Arena Resources Inc (ARD)
• Bell Microproducts Inc (BELM)
• Bio-Rad Laboratories Inc (BIO)
• BNP Paribas (BNPQY)
• Boston Beer Co Inc (SAM)
• Conmed Corp (CNMD)
• Crosstex Energy Inc (XTXI)
• Deutsche Bank AG (DB)
• Dover Corp (DOV)
• Dow Chemical Co (DOW)
• Eaton Corp (ETN)
• FBL Financial Group Inc (FFG)
• Fuel Systems Solutions Inc (FSYS)
• Genoptix Inc (GXDX)
• Information Services Group Inc (III)
• International Bancshares Corp (IBOC)
• Jo-Ann Stores Inc (JAS)
• Kohl's Corp (KSS)
• Life Technologies Corp (LIFE)
• Masco Corp (MAS)
• MDU Resources Group Inc (MDU)
• Nordstrom Inc (JWN)
• Parker Hannifin Corp (PH)
• Rofin-Sinar Technologies Inc (RSTI)
• Ross Stores Inc (ROST)
• Royal Gold Inc (RGLD)
• Santarus Inc (SNTS)
• Sealed Air Corp (SEE)
• Solutia Inc (SOA)
• Starbucks Corp (SBUX)
• Tenet Healthcare Corp (THC)
• Waddell & Reed Financial Inc (WDR)