The Nasdaq is up 5% in 5 days. Not too bad, old pal. Besides the Nasdaq, the other indexes rallied and continue to make new yearly highs. The constant follow throughs by the indexes and stocks after making new highs on strong volume is about as bullish as it gets. However, dont get too complacent. The markets have come a long way in a short amount of time and just like in December it would be nice to get a pullback or another long sideways congestion to help fuel another rally.
Whatever I get I will be happy. Knowing that I have been overall bullish the past two years, even when we were operating on the short-term short side, has helped my confidence that charts definitely work. No matter how bad the media or bears want the market to go down, the charts just did not agree. And once again the charts won. They just seem to always win in the long run.
New Swing Longs: OPWV DXPE NVAX VPHM EVST
New Swing Shorts: NONE
Longs Outpeforming Market: RVSN BNT-49% ALY-51% CLZR WDC STX CRDN-38% RES-115% OXPS-65% HITK-56% KNXA DIET-32% PAY-33% TRAD-56% NVDA-40% ROK CWTR CKFR STJ FSL PETS-99% ORA NWRE-73% LDSH-44% GES-61% THOR-74% MDCC-27% VTS NEM BBD-96% CHE BOOM-377% STMP TEVA CBG-68% WOOF SF MIDD-54% LGTY CIB-29% IHS ERS-29% MNST-25% SUPX-70% BEAV KEYS WBMD SPWR FWLT-37% RDCM CERS-156% ALKS-28% BCRX-144% WIRE-79% VRTX-148% DDD PRLS-206% EFJI TSCM-58% EMKR-115% LCRD-47% BGO ANX--25% NTO GBN GSIG NUHC CCI-63% TOMO NXG IT ASF-164% SVR-66% IIJI ECLG-48% NRPH-82% PDLI PWAV-61% BCF KLIC EDS CNXT SWW ANAD-100% SPSX THQI ECLP Q REGN MCF ELTK-84% RESC
Shorts Outperforming Market: NONE
Stocks On Radar Screen: ENG OVTI SEED TGE RNAI FLML
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