Open a year earlier with another eight-shot win in the PGA Championship at Kiawah Island. Rory McIlroy validated his eight-shot win at the U.S. Already an eight-time major champion, it was the first time Woods had finished second in a major. Woods was trying to win the “American Slam” having won the Masters and U.S. Most memorable was Beem doing a shimmy shake on the 18th green. Beem holed a 35-foot birdie putt on the 16th hole to stay in front, and a bogey on the final hole gave him a 4-under 68 and a one-shot victory over Woods. And when Tiger Woods recovered from back-to-back bogeys by closing with four straight birdies, Beem didn’t blink. Beem hit 5-wood to 6 feet for eagle on the par-5 11th to seize control. Rich Beem captured his only major on a final day of high entertainment at Hazeltine. Tiger Woods, who began the major season with a 12-shot victory in the Masters, never broke par and tied for 29th. That turned out to be the only major Love would win. A rainbow emerged through the clouds and Love was in tears as he embraced his mother. There was a poignant moment on the 18th green when Love rolled in one last birdie. Their father was a prominent club professional who died in a plane crash in 1988. Tied for the lead with British Open champion Justin Leonard going into the final round at Winged Foot, Love pulled away with a second straight 4-under 66 for a five-shot victory. Open, tied for 13th.ĭavis Love III finally shed the label as best to have never won a major. Jack Nicklaus, who won the Masters and U.S. Player was at 1-over 281 for a two-shot victory over Tommy Aaron and Jim Jamieson. He closed with a 2-over 72 in a PGA in which no one finished under par. Player said it was one of the best shots of his career. The signature moment was his 9-iron out of the rough to 4 feet on the 16th hole. Player surged into the lead at Oakland Hills with a 67 in the third round. Gary Player had gone 16 majors without a victory, his longest drought since winning the 1959 British Open, and was on the verge of being forgotten beside the brilliance of Jack Nicklaus and the emergence of Lee Trevino. He won, 2 and 1, to become the first Australian to win the Wanamaker Trophy. The match was still all square after 22 holes when Ferrier won the next three holes and Harbert never caught up. He won 4 and 3 over Lloyd Mangrum in the quarterfinals, and then overwhelmed Art Bell 10 and 9 to reach the final against Chick Harbert. Ferrier only had one close call, going 37 holes to beat Claude Harmon in the round of 16. For the first time in 10 years, the championship match did not feature either Byron Nelson, Ben Hogan or Sam Snead. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.Jim Ferrier won his only major in the PGA Championship at Plum Hollow in Michigan. Twitter: author may have a position in the mentioned securities at the time of publication. IBB (Biotechnology) Briefly touch main support of the 200-DMA at 143.25 IYT (Transportation) Highs 241.36 to clear. SMH (Semiconductors) Watching to clear 50-DMA at 235.06. KRE (Regional Banks) Holding the 10-DMA at 66.05 Russell 2000 (IWM) Holding over the 50-DMA at 213.40 S&P 500 (SPY) Like this to stay over the 50-DMA at 381.17 Symbols covered QQQ IWM DIA SPY XRT IBB KRE SMH IYT GLD USO JNK UUP XLE XLF TAN DDD STNG TLRY SPWR DDOG TDOC EFR BEEM XLU What will do better in a rising yield environment, and how will we know what/when to buy? Mish takes you through the indexes, key sectors, and some of her top picks. With the rising yields, the market has tumbled. On the other hand, if Monday’s price action takes a turn lower, watch IYT along with XRT to hold support of their 50-DMA. Therefore, if Monday’s price action continues upwards, watch for SMH and QQQ to follow or consolidate. In the recent months we have seen sectors and indices dip under support from the 50-DMA only to clear back over and continue higher. ![]() The QQQs along with the semiconductors ETF (SMH) have taken a hit but could make a rebound if Friday’s rally carries over into Monday. Texas is especially ready for its economy to return to normal with its recent mask mandate lift.įriday’s jobs report also gave a boost by showing a gain of 379,000 payrolls in February.Ĭurrently, all the major indices are holding up except the tech heavy index, Nasdaq 100 (QQQ). If they continue their upward trend, this will show that investors are expecting brick-and-mortar stores to increase sales along with a push for more travel. This is key, as both sectors are closely tied to the economic recovery. Additionally, the retail (XRT) and transportation (IYT) sectors never broke under their 50-DMAs, with IYT going on to clear its prior days high.
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