Yesterday's post said everything I'd say today. There is a big opportunity between perfect and divergence. Today's move was in line with this condition. The two lagging indexes over the last 5 to 7 days, Q's and IWM, played catch up by almost doubling the percentage performance of last week's leaders, SPY and DIA. This out performance to catch up is an affirmation that the market is in a healthy bullish condition.
The bulls are in control until S1 and prior day lows are broken. Until this happens , I'll focus on Long OR reversals and breakouts.
Long Focus
TZOO
ABT
APD
QCOM
YUM
OR reversal
MA
WLT
MRX
PANL
RHT
GOOG
MSFT
AAPL
X-reports
FSLR
SPG-reports
Shorts
NFL
DVA
SLV
PEP
TAP
RIMM
