Stocks Continue To Rise; New All-Time Highs For The SP 600.

Stocks climbed steadily higher, minus a noon dip, thanks in part to 3Q Productivity revision higher and a strong ISM Service index number. With the gains, the SP 500 hit its highest level since February 2001 and the SP 600 blasted to all-time highs.

When the final bell rang, the DJIA, SP 600, and SP 500 all scored .4% gains and the Nasdaq rallied .2%. The IBD ...

The biggest gains came from the Philly Housing Sector index, with 2% gains. The big loser was the Philly Gold & Silver index. That index lost 1.2%.

Volume was basically flat compared to yesterday's levels on the Nasdaq and was higher on the NYSE by a good margin.

Advancers beat decliners on the NYSE by a 5-to-3 margin. On the Nasdaq advancers were pretty much even with decliners.

Stocks keep going higher, no matter what the news is. Today's reports could have been taken one way or the other. The fact that we closed with gains today will cause us to focus on the positive. So we say that traders are happy with the gains because the data might indicate that the Fed might want to start cutting rates here.

Who cares? I doubt these traders were buying stocks in August like the readers of this blog and other fellow CANSLIM investors were. They were the same group of traders telling us that the start of the correction was unfolding. 10% plus gains later and I am still waiting for my correction.

The truth is, overall, it was a pretty boring day with some exciting action underneath in the individual stock world. If we look at the top 50 stocks today we can see they were all up 10% plus. Looking at stocks down 10% or more, I can only find 14. This shows that even in a barely positive market that the true momentum is still on the bulls side. The big money is still to be made on the bull side.

Until this trend changes, I will remain on that side. However, being up this much from the July/August lows without a significant pullback is no place to LOAD-UP on stocks either. Common sense still must be used. So whatever you do, don't go "all-in" at this point of the rally. Just make normal rational buys with stocks breaking out of solid chart patterns. Stick to your rules. Don't break them. If you don't have any rules, stop trading now. If you want to go all-in here, I ask you why? Where were you in August and September? If the uptrend is obvious to you and your friends, now, it is too late. Trust me.

Aloha and I will see you here at Investors Paradise.

New Swing Longs: DLB IMGN OBCI

Adding To Position: MDF PLB WYNN

New swing Shorts: NONE --------- stocks with number are up 25% or more.

Longs Up On The Day (low vol non-IBD excluded): JST-74 AOB-113 FTEK-48 IAAC-43 ICE-41 BMA-28 BAM-59 CPA-42 CXW-39 SVNT-91 TTEC-57 HRZ-79 NU-25 DKS-31 AOI-30 HMSY-28 TYL-57 STEC-57 TRBN-46 OMTR-41 BRLC-101 ISIS-28 MOS-27 PERY-29 REGN-31 BDG.A-32 LWAY-35 DECK CMCSA RRC BOT CELG CKSW WTS RENT IIG SKX CVLT RCRC ININ OTEX MAIL AHS CAM MALL LINTA LQDT INAP TDY SRSL AZS COH VCLK TSRA NSTC APLX MVSN SQM CCO NUE RKT ISE BLUD BMC ACHN ULTR BMTI OSIR HINT EVEP SGZ CTDC MDF PLB ANAD DO CLRT WSH WYNN OMNI LNUX HOS OEH SCI SFL TMO ISBC LMT RAH PNW RWT NHP OME BUF TTG RMKR

Stocks On Radar Screen: ECMV VSNT CHNR MTLK AB EDU TSM APAGF WU CAAS URBN SVVS GGAL AFOP MSO NYX EMC HLTH NUVO ARGN

Take All Your Profits/Cut All Your Losses: BDG.A CNST