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STOCKS INCHING ALONG ON LIGHT VOLUME

|Includes:AAPL, AIG, BAC, DBA, DJP, EEM, EFA, EPI, EWA, EWC, EWG, EWU, EWY, EWZ, FXE, GDX, GLD, GXC, IEF, ITB, IVE, IWM, IXC, IYT, IYZ, JCP, JJC, KBE, MUB, NEM, PPLT, QQQ, RSX, SLV, SPDR S&P 500 Trust ETF (SPY), THD, TLT, UGA, USL, UUP, XBI, XLB, XLF, XLI, XLK, XRT

Economic data wasn't that inspiring either way Friday as Consumer Sentiment increased (75.3 vs 72.5 previous & expected 73) which may be pre-gas spike data. And, new home sales were static (321K vs 324K previous and 315K expected).

Earnings from JC Penney (NYSE:JCP) were much in view but a trained financial archeologist would have a hard time figuring it out given all the write downs and adjustments. The net result is a loss and hopes that their new pricing strategy will work. It's the chance the company is taking.

The retail sector (NYSEARCA:XRT) overall is still caught between better confidence data but mixed results. Newmont Mining (NYSE:NEM) reported a loss based on a write down of a single large mining project. However, the company's reserves increased by 5.6% and they're carrying the reserves at only $1,200 per ounce for gold. Nevertheless, as opposed to JCP, NEM got sold hard as gold prices were also weaker Friday which also negatively affected gold miners (NYSEARCA:GDX) overall.

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Stocks: SPY, IWM, QQQ, AAPL, XLK, BAC, KBE, AIG, XLF, JCP, XRT, XLB, XLI, XBI, ITB, IYT, IYZ, IVE, IEF, TLT, MUB, UUP, FXE, GLD, NEM, GDX, PPLT, SLV, JJC, DJP, USL, UGA, IXC, DBA, EFA, EEM, EWG, EWU, EWC, EWA, EWY, THD, EWZ, RSX, EPI, GXC