The broader market is sharply higher on Friday afternoon with the tech-heavy Nasdaq Composite atop the surge, up 480 points (+4.22%) to 11,850, while the S&P 500 adds 107 (+2.71%) to 4,036, and the Dow Jones Industrial Average gains 528 (+1.66%) to 32,258. Action comes on above average volume (NYSE 396 mln vs. avg. of 357 mln; NASDAQ 2,849 mln vs. avg. of 2,508 mln), with advancers outpacing decliners (NYSE 2662/492, NASDAQ 3632/815) and new lows outpacing new highs (NYSE 3/7, NASDAQ 1/55).
Relative Strength:
Uranium Miners-URNM +11.6%, Clean Energy-PBW +9.2%, Uranium-URA +8.7%, Cloud Computing-SKYY +6.5%, Poland-EPOL +5.5%, Lithium-LIT +5.4%, Sugar-SGG +5.4%, Semis-SMH +5.3%, S. Korea-EWY +4.5%, China Lg. Cap-FXI +4.4%, Netherlands-EWN +3.9%, Sweden-EWD +3.7%, Australia-EWA +3.6%, France-EWQ +3.4%
Relative Weakness:
Short-Term Futures-VXX -3.8%, US Nat Gas-UNG -1.8%, 20+ Yr. Treas. Bond-TLT -1.3%, Corn-CORN -0.9%, Philippines-EPHE -0.9%, Gold-GLD -0.8%, Japanese Yen-FXY -0.6%, Vietnam-VNM -0.6%
