Even the Midcap SPDR (MDY) and the iShares Russell 2000 (IWM) fared far better than foreign indices.
If the market recovery sticks, expect the more volatile but far peppier MDY and IWM to outpace the big boys in the SPY.
FORBES: Earnings Derby: Alcoa Strikes Out, Google To The Plate, JPMorgan On Deck
Since 1999, the large cap SPY has produced a total return of less that 10%, while the SPDR Midcap 400 (MDY) is up 100%.
FORBES: Earnings Derby: Alcoa Strikes Out, Google To The Plate, JPMorgan On Deck
From Feb. 11 to May 4th , the stocks are up an average of 4% vs. the MDY at 2% and the SPY at 1%.
Hitting our radar last week was fresh evidence of optimism creeping into the market, right as the SPY and MDY approached their 2011 resistance levels in the 135 area and the 100 mark, respectively.
FORBES: Short-Sellers Could Take Market Lower In The Near Term
Among the largest underlying components of MDY, in trading today Vertex Pharmaceuticals, Inc. ( NASD: VRTX) is up about 0.6%, Regeneron Pharmaceuticals, Inc. ( NASD: REGN) is up about 0.2%, and Equinix Inc ( NASD: EQIX) is lower by about 0.9%.
Among the largest underlying components of MDY, in trading today Dollar Tree, Inc. ( NASD: DLTR) is off about 1%, Perrigo Company ( NASD: PRGO) is off about 3.3%, and Kansas City Southern ( NYSE: KSU) is lower by about 1.7%.
Among the largest underlying components of MDY, in trading today Regeneron Pharmaceuticals, Inc. ( NASD: REGN) is up about 3%, Vertex Pharmaceuticals, Inc. ( NASD: VRTX) is up about 1.1%, and Equinix Inc ( NASD: EQIX) is up by about 2%.
Among the largest underlying components of MDY, in trading today Kansas City Southern ( NYSE: KSU) is up about 0.6%, Borg Warner Inc ( NYSE: BWA) is up about 0.9%, and AMETEK, Inc. ( NYSE: AME) is lower by about 0.4%.
Among the largest underlying components of MDY, in trading today Kansas City Southern ( NYSE: KSU) is down about 0.3%, AMETEK, Inc. ( NYSE: AME) is up about 0.6%, and Vertex Pharmaceuticals, Inc. ( NASD: VRTX) is lower by about 1.4%.
Among the largest underlying components of MDY, in trading today Kansas City Southern ( NYSE: KSU) is off about 0.6%, Hansen Natural Corporation ( NASD: HANS) is down about 1.7%, and HollyFrontier Corporation ( NYSE: HFC) is lower by about 0.5%.
Therefore, as contrarians, we are open to the fact that the market may be vulnerable to giving back some of its gains in the near term, as we see optimism coming in as the SPY and MDY approach key resistance areas.
FORBES: Short-Sellers Could Take Market Lower In The Near Term
Among the largest underlying components of MDY, in trading today Green Mountain Coffee Roasters ( NASD: GMCR) is off about 2%, Vertex Pharmaceuticals Incorporated ( NASD: VRTX) is off about 1%, and Dollar Tree Incorporated ( NASD: DLTR) is higher by about 0.8%.
FORBES: MidCaps Continue To Bleed Assets As Investors Look Elsewhere
Among the largest underlying components of MDY, in trading today Dollar Tree, Inc. ( NASD: DLTR) is down about 0.8%, Green Mountain Coffee Roasters Inc ( NASD: GMCR) is up about 5.7%, and Perrigo Company ( NASD: PRGO) is higher by about 1%.
Among the largest underlying components of MDY, in trading today Green Mountain Coffee Roasters Inc ( NASD: GMCR) is up about 0.2%, Monster Beverage Corp ( NASD: MNST) is up about 1.3%, and Regeneron Pharmaceuticals, Inc. ( NASD: REGN) is higher by about 0.7%.
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