Today was a victory for the bulls, because there was plenty of reasons for the sellers to reverse yesterdays gains. GM and F downgrade of bonds to junk status by SP was the big one. Yet the bulls fought it off and closed the day on a positive sign by not closing at the LOD (low of the day). We have broken the up, down, up, down, up pattern, by not giving back the majority of today's gains. Volume was also lighter than yesterday suggesting the indexes are digesting yesterdays gains for a further move to the upside.
I don't have much else to say, cause today was a boring day for the indexes but lets look at stocks...There are starting to be some great patterns in technology and medical is already leading this current short-term rally. Here are some more stocks that look healthy for further price appreciation. Rember you want to buy these as close to the pivot point as you can.
BLUD RNWK BOOM CMD GENZ OATS WFMI SMTS CCRT THOR CHTT
And for everyone that thinks BOOM is a scam stock. Why don't you look at the fundamentals of the company and let the market decide if it is a scam or not. Since its February 15th breakout, it is clear to see on a daily chart that there are no sellers in the crowd only buyers. That is why in April the downtrend was on low volume. Since the Feb breakout it is up 140%. What kind of scam is that????? NONE.
ALOHA and SURFS UP!!
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