Momentum Wrap – Netflix and Tesla Continue To Squeeze

New Highs

42 new all-time highs among stocks that gained 1% or more today: WYN STE JKHY WAGE NSR TMH VAC PXD MNTX TAL COO

129 stocks reached new 52-week highs while appreciating 1%+. Some of the notable movers include:

• Outsourcing and staffing svs stocks continue to climb. When Wall ST. chases after certain theme, the whole industry benefits. Four new 52wk highs from the group – $KFRC $TBI $KFY $TMH

• $NFLX is still in a squeeze mode. Short-covering and pure price momentum might not be the only catalysts. Howard Lindzon pointed out that “Every time Twitter buys a company, TV stocks shoot up…the year of TV and $TWIT …enjoy it while it lasts.”

• Oil & gas stocks are on fire. A bunch of breakouts in the industry: $COG $XTEX

• Hotels are also breaking out: $WYN $HOT

StockTwits 50 Notables

• New-all time high for $GNCR, which makes power generators. The stock is up more than 50% since Hurricane Sandy hit the East coast. It reports earnings next week.

• 3D printer makers reminded of themselves and were among the biggest st50 gainers today: $DDD $SSYS

• Relative weakness in $TRMB $CVLT $GNMK