This market just keeps on being amazing. The strength is a nice change of pace over early this year. I don’t want to put myself in the bear camp during an uptrend but the weekly has me a little on the shy side from jumping into to many longs. Found a couple of nice 2nd Chance Chips that I’ll probably put out there tomorrow.
Here is my first run list:
CMC
TIE
X
MTG
CECO
LEND
AMD
CTXS
After seeing that some of the groups were starting to show some weakness I thought I would go look to see some changes in the Industry Groups Performance Grid for 3 Months. Here is a list from that scan that shows groups just turning red.
Insurance Brokers
Metal Fab
Pollution/Treatment Cntrl
Heavy Construction
Industrial Equip Wholesale
Semi – Integrated Circuits
Medical App/Eqiup
Tobacco
Drugs
Computer Based Systems
Just some thoughts in case we do turn down hard off this up move.
The Market Speculator makes a good talk for CXS.
