New high of the year
Big rally today ahead of tomorrow's NFP, investors seems believe that QE II will work or at least boost equity market. People are not worrying about a bad NFP report, probably many people who have been sitting on sideline want to see a bad number, so they can get in the market.
All major indices except Russell have broken out April's high, and closed at the high of the year. S&P is getting too far away from 10 days, so we may see consolidation in the next a few days.
After nearly six months consolidation, xlf finally broke out. Since bank stocks are far behind other sectors, the catch-up move could be very strong. You do not want to miss it!
Watch homebuilders, this industry group also made a breakout with strong volume
SVM is the big winner today, up 15% today, up 28% since I put it in breakout stock list. Take profits.
athr, cyd, idcc, rld, and sprt all up 20%-30% in less than two weeks. Take profits
cvlt, bma, coh, veco, and swks finished consolidation and broke out again. Uptrend resumed.
S&P swing trade strategies
1. Swing trade for DUMMIES - buy signal triggered on 10-5-10
2. Guerrilla trend channel - buy signal triggered on 10-5-10
Russell swing trade strategy
1. Guerrilla trend channel - buy signal triggered on 10-5-10
Breakout stock list **** ( ) -- fake breakout ****
10-13-10: veco, (algn), csx, (htht)
10-14-10: mbi, hsft, svm
10-20-10: gs
10-21-10: cyd, gra
10-25-10: athr, azo, llnw
10-26-10: avgo, bidu, coh, cvlt, (disca), idcc, igte, infa, ksu, mos, msm, nflx, pcln, sprd, (vrtx)
10-27-10: mcp, ffiv, bma, netl, swks, (anad), ilmn, sprt
10-28-10: orly, gpro, hrc, rld
11-4-10: cat, fcx, mon, scco, acet, afsi, aly, cde, dhi, eroc, gti, sfy, smsc, ticc, wnr, yong, c. |