Nassy
Breakouts And Nice Round Bases Are Everywhere While Commodity Stocks Look Extremely Toppy
I see nice round bases everywhere in EVERY long scan and CANSLIM scan that I run. Stocks like our HA long from 3/27/08 is already up 60% and MA from 8/2/06 is up almost 500% since then and now we have a lot of pretty green BOP filled charts starting to round out and complete bases.
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Notes For Monday’s Stock Market Session
The IBD 100 is up 228.5% compared to SP 500’s 49.5% since 4/18/08
-IBD 85-85 and IBD 100 were down for the week (-.9% compared to Nassy .8%) but they were up over 2.5% on Friday compared to Nassy down .2%.
-This appears to be rotation of some sorts out of commodities into some new sectors
-Internet-Network Solutions up 9% this week
-Computer Software-Design up 5% this week
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Another Quiet Day Of Consolidating The Gains; Lower Volume After A Day Of Solid Gains Is What I Like To See!
It was another great day overall for those that are long the stocks we are long (well at least until AH when one got a gnarly ride) as the market took its time drifting around today before a strong close that saw the market basically end where it started.
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Related Articles
- Breakouts And Nice Round Bases Are Everywhere While Commodity Stocks Look Extremely Toppy
- Notes For Monday’s Stock Market Session
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- Another Quiet Day Of Consolidating The Gains; Lower Volume After A Day Of Solid Gains Is What I Like To See!
- Nasdaq Leads The Way Higher On Slightly Higher Volume As Semiconductor Stocks Account For Much Of The Gains; AAPL Disappoints
