Nice positive morning but then at 2 PM on the dot some serious buying kicked in and continued into the close. It still amuses me how the buy (and sell) programs are set exactly on the hour (ah, the little Beige Book, good thing I don’t read the news).

Notable New Lows: Citadel Broadcasting (CDL), Hovnanian (HOV), UTStarcom (UTSI), Warner Music (WMG), and the Japanese Yen (FXY).

Notable New Highs: DeVry (DV), First Solar (FSLR), Petroleo Brasileiro (PBR), Schlumberger (SLB), Caterpillar (CAT), Autodesk (ADSK), and Illinois Tool Works (ITW).

I’ll feature the Japanese Yen ETF as the “stock” du jour… should write a quick thing about the Yen carry trade later. (On second thought I don’t have the energy to write such a thing; suffice it to say that the carry trade obviously ain’t unwinding any time soon.)