Tuesday, March 02, 2010

Market Talk

It's been a long time since we started looking at the QQQQ as the leading index instead of the SPY but we like how the Nasdaq has regained leadership of the market.

Simply put: As long as we stay over the 50SMA we'll be active in buying pull-backs on strong stocks. Any move under the 50SMA and we'll have to reassess the strategy.

And if we don't pull-back then our favorite two break-out candidates are GMCR and RIMM.