Large Cap Stock Break Out

There was a break out in the OEX stocks today. The OEX is comprised of the 100 largest stocks in the S&P 500 by market capitalization. The OEX can be purchased through an ETF with the symbol OEF. Here is a profile link to the OEF's current statistics & components. http://finance.yahoo.com/q/hl?s=OEF

I find it interesting that currently you can get over a 10% exposure to energy (one of the current go to areas for momentum money managers) by simply purchasing this index. These stocks have been largely left for dead since the end of 2003. As I briefly highlighted earlier I like these kinds of stocks right now because they are statistically much cheaper than much of the rest of the market.

Their price action today could foretell some decent price appreciation in the months ahead.

Accounts of Lumen Capital Management may own individual securities or ETFs in the above mentioned sectors or securities at this time. Please note that security positions can and do change from time to time. Purchases and sales of individual securities or ETFs as well as client portfolio holdings varies among the clientf of our firm due to their individual goals and risk parameters. Nothing in this current post or in past or subsequent postings should be construed as advice or a recommendation to buy or sell any particular security. Please consult your investment advisor as to the suitability of above stated securities for your own investment portfolio.