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.
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