U.S. Market Results 12/28/10

$INDU heads to 11600; $TRAN pushes the 5100 envelope; $COMPQ pursues 2670; $SPX continues the climb to 1260; $XAU takes a hike back to 225; @YGF11 retraces the 1400 mark; @YIF11 breaks above 30 - again! (30.24); the USD suffers little against the major currencies, while gaining against some; and $VIX moves very little after all is said and done today, and remains below $20, which I think will be its story at the end of the year.



An interesting component here, is the Indices generally getting back to the pre-crash levels (not the correction, but the CRASH!) of 2008 (finally!), and a few, actually having broken through, are still rising steadily. Great market fun!



Stocks of note: $AAPL edged along its new high of $325 on 5.2M shares traded; $CROX, having crashed from its high of $75 to less than $1 by the end of 2008, and under $6/share just a year ago, broke $19.50 just before Christmas, corrected to $17.50, and is holding steady (again!); $ALME has been spiking since December 10 from $1.05 to its current $1.68 - $1.70, with ~1M shares traded today - profit taking, anyone?!; and $CYPB, on the merger news with Ramius and Royalty Pharma, under the aegis of Ramius V&O Acquisition LLC, who extended their tender offer of $6.50/share until January 5, 2011, which was originally scheduled to expire at midnight, December 30, 2010, has jumped from $4/share on December 10, to $6.49 on December 14, and has maintained on medium volume of about 250K shares/day. This merger should proceed according to plans, and is a nice tidy profit for anyone buying or holding shares since the beginning of the month!

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