Thursday, July 23, 2009

Market Talk

This is the most bullish action we've seen in a long time in terms of break-out trading. We've had over 12 alerts work for over 1% (and many in the 3-4% range) from last night's newsletter including:

APD 70, FCL 33, DD 29, INFY 41, MON 82, ACL 124, AGU 42, ANR 33, etc.

With the break-out of SPY today (assuming we close well) SPY could easily hit 100 sometime next week. We've had many positive days in a row (12 for Nasdaq) and any pull-back would be a good buying spot.