Thursday, May 26, 2005

What were we thinking? Stop momentum? Yeah right.

We just keep on chugging along. As I have said, over and over, momentum once it starts going is hard to stop. Today yet another boatload of high quality, fundamentally sound stocks broke out or bounced off moving averages on good volume.

Trading was slow today but volume rose indicating funds are still buying right here and they dont see stocks as "gone too far too fast" yet.

Trading is sure to be lame tomorrow with Memorial Day weekend coming up. I will be around but doubt it.

None-the-less there are tons of charts to still play and stocks like CWTR (up 11%) are plentiful. What an incredible month it has been for my portfolio!!

Long swing trades: WIND VRSN XXIA LSCP BBBB LABS PTRY FSL ORCT EMKR OMR DHC GLW ENTU FMX CSGS QUIK (again) VASC (again) MCX CSU

Aloha and have a great evening.

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