We had a nice strong rally today, but not so strong as to ruin the list of alert levels I posted yesterday. With a little strength and decent volume tomorrow and/or Thursday we could get some good action from that list.


Solars, oil drillers and semi’s were among the strongest groups today, with fixed income and the dollar index underperforming. The market was well bid all day but picked up steam in the afternoon closing at the highs and above the 200 day MA for the first time in almost a month. It was excellent action for the bulls and probably makes the 50 day MA (114.60) on the SPY the next stop. The only real negative I saw was light volume.

There are a number of break out longs on the list tonight enough to let one or two pass to see if they work. Remember that you are looking for a nice base below the level and then a move through preferably on a burst of volume.

MCD & INFY today were pretty good examples of this.

Also don’t forget that a gap above the level voids the alert, they are subject to higher rates of failure.

The following ideas may be actionable tomorrow:

clx 65 long

crk 34 long

csx 54 long

dd 38 long

hog 28 long

ibm 130 long

lvs 27 long

pnra 85 long

rimm 63 long

rkt 56 long

sbux 28 long

vale 28 long

vmc 48 long

aapl 260 long