Rally Update:Energy and metals lead the way

i need to order orlistat 120 mg without a prescription As of this writing two hours before the Friday close crude was above $63 up 3%. Since this rally began last week energy stocks have moved up in lockstep. Better than expected housing starts today have boosted the energy complex with volatile nat gas stocks such as KWK and SWN the biggest winners. Another good proxy for crude is the Russia ETF RSX which rallies along side of crude with a bit of premium.
Other winners on the reflation trade are silver and gold stocks GDX and PAAS up 1-2% today. The turbo trade in metals is FCX up 20% this week from 45 to 55.
The Ultra short Treasury ETF –TBT–is up 5% this week as 10 year yields have moved up to the 3.6 range.
The Rayno Life Science Portfolio also moved into the green this week and we advised some overweighting in BIIB CBST GILD and VPHM all up for the week.(Note: the Portfolio is price weighted i.e. higher price stocks carry more weight than lower price stocks) Targacept (TRGT) at $8.3 share is our biggest winner a “three bagger” YTD. On Wednesday TRGT announced positive top line results for a Phase 2b study of their TC-5214 drug as an add-on treatment for major depressive disorder.Targacept was trading at $3 on Tuesday.

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