Strength in Supervalu

Been building a large position in Supervalu (SVU) over the last couple of weeks.  MACD has broken the downtrend.  The 65-day moving average had been crossed and is still moving upwards.  We shall see. 

Dear Mr. President

I don't remember if I've expressed these opinions previously, but the ideas resurfaced while driving my wife to work as we listened to the CBS Evening News and their coverage of the final launch of Atlantis and the subsequent end to America's space program. I find it poignant that the story shared the day's news with yet another disappointing jobs report. in short, a highly significant percentage of modern technologies have emerged from a mosaic of Scientific rigor, a commitment to innovation,and the drive to make America the leader it had become. Aviation, atomic weaponry, the space race... all have spawned entire industries. What America needs is our next mission, to unify, dig down deep, and propel America back to the the cutting edge. I believe this sensibility is blind to political persuasion. More importantly, higher taxes and eliminating technological muscle cannot be good. Likewise, sustaining capable citizens on government handouts has never worked as a motivator.

On the move...

XLF, XLI, XLB, XLE losing steam. However XLP, XLU, XLV all breaking out. Names in particular include BMY, JNJ, MRK, AMGN, KFT, PEP. EXC appears to be waking up. Nothing imminent as far as spikes higher, but I would be accumulating on pullbacks. Others to keep an eye on as they are setting up include AKAM, LOGI, RIMM and CNX.