first chart is all industrials, the sector, which we know are outperforming s & p up 26% last year versus s up 20. aerospace and defense up 42%. this spread is quite epic. now, take a look at the long term chart. this is again aerospace versus it's own sector, all s & p industrials. and here we're starting to see almost working on a double, going back to the early '90s, pretty excessive. now, let's pick on northrup. you're in an up trend, you sort of work along, everything is fine. you can do this forever. you know. but the problem here is that northrup has gone bonkers. and this move, from 70 to 100, keep that in mind. and look at the next chart. that's this breakout here. a huge breakout, and it's already happened. meaning this has already met its mark or price objective. and then this problem. the stock is too far above the smoothing mechanism. history shows, when you're this far above your trend, it's not sustainable. final chart, this is what we think is coming. here's the long term channel. and the presumption is, we're around 95, coming back down here to mid80s. we are a seller of no

what's also important is the stock is a big underperformer, up only 9% on the year versus the s&p up 19. so tension builds and it's outperforming the s&p since the june low. to be an underperformer since late but more recently an out performer. take a look at the chart. the break out here is very important in terms of the level. the all time high, the .com is 100, 99 anyway. this set up spouerful. you have a big, 10, 12% move here. ideal for buying. >> ideal for buying carter says and the other fundamental part of the story is it's not just an iphone supplier, it supplies to all phones. >> this one is also about 20 times earnings but this is a stock that managed to double the revenues in five years. they have about $30 billion in cash on the balance sheet. it doesn't matter who wins the smartphone wars they're going to get a piece of the action. for my money if you're going to make a play this is probably the way to do it. that said i already expressed skepticism about the market more generally so my inclination is to use options to express a bullish view. volatility has been low. i

what's also important the stock is a big underperformer, up only 9% on the year versus the s & p up 19so if you're an underperformer, tension builds. recently it's an outperform, it's outperforming the s & p. that's an ideal setup to be an underperformer of late. take a look at the chart. the breakout here is very important in terms of the level. the long term chart, the all time high, the dot com is 100, 99 anyway. this setup is powerful. we think you've got a big 10, 12% move here. ideal for buying. >> ideal for buying. mike, the other fundamental part of the story, it's not just an apple supplier, it supplies to all phones. it's agnostic. >> all of them. i mean, this company actually we were just talking about multiples, this one is 20 times earnings. it's a very different story than johnson and johnson. this is a stock that managed to double revenues in five years, quadruple eps, they have $30 billion in cash on the balance sheet. and pretty much it doesn't matter who wins the smart phone wars. they get a piece of the action. so from my money, if you make a play, this is the way to

versus september. we know august was miserable. worst month in over a year. >> yeah. >> as of this morning, the s&p's wiped out the losses almost completelylihood of a correction here is diminished somewhat? >> somewhat. i do think we kind of frontloaded a lot of the anxiety. the left scary, risky events are the known risky events. we had so many of them piled up. we still have them, obviously. debt ceiling, fed decision, all the rest of it. it seems we front-loaded that anxiety, and undoing it a little bit. i don't think it's a race to new highs. we still, i think, have a little bit of work to do to show the demand is there at these levels. >> a few weeks from earnings season. we'll see where we go. in the meantime, of course, this is the 12th anniversary of the september 11th attacks, and mary thompson is manning a benefit over at cantor fitzgerald. hey, mary. >> reporter: hey there, carl. it's charity day at the cantor fitzgerald trading floors. this is where they raise money, all of the commissions today go to charity. they raise money for over 100 charities around the world. and we are joined right now, pleased to be joined, i say, b

they have not extended the co s comps, but at 283 and now a higher chart yield starting in may on the 21st of august and the same for the 30-year bonds and by the way, 392 versus you could see how much the third year has been in the hammock while everything is selling off. watch the 10s versus the 30s, and the foreign exchange you ask? well, the dollar ip dex and august 1st, we have not been up there in closing basis and up one-third of a percent at the expension of the euro versus the doll dollar. and look at the chart starts around the 18th of july and that is the last time that the euro wast that lower level versus the greenback. carl quintanilla, all yours, buddy. >> all right. rick. rick we will talk to you soon. kelly evans here at post 9. interesting flow of immediamedi coverage regarding summers and yellen. this is one, kel, "usa today" today with a bold headline reading "yellen candid fear l fearless." you have more. >> yes, add to it the "economist" endorsing yellen over the fed. i will hold it up. are we going to do it? >> you said that obama won. >> here is "the new york times" which on the front of the business section today is saying that summer'