The market seemed to start the weekend early as its been a boring morning. A lot of the morning buzz on StockTwits has circled around economics:
Homebuilders, $XHB are running on a blowout New Home Sales number. But as @Prof_Pinch infers this could be due to the expiration of the tax credit. I wonder if the best trade off of this number is to fade it.
Love how @bondscoop parses the economic releases and share it with us:
We talked about $GLD last week on Back Page Wednesday and here it is breaking out. There appears to be a rotation to inflation going on in the equity markets today and perhaps the best way to play it is the Gold Miners $GDX which haven’t caught up with $GLD as @Trendrida suggests.
$NFLX selling off in news that $GOOG is going to offer subscription video service through YouTube. Interesting times in tech-land.