Unlike the rallies of the last 15 or so months, individual stocks are working, they are moving, and it’s not only Facebook, Amazon, Netflix, and Google. THC, FEYE, SPNC, PAH were some of the standouts from yesterday’s list.
I have a very short list today compared to the last few days. As the market moves higher my list will more than likely get smaller by the day until we get a pullback or some sort of consolidation. This market has been rotating from sector to sector, what has been strong takes a break and what has been weak gets bid up, not sure what sector is left to get bid up here in the short-term.
Here’s my list for today; WLB, VRSN, FIVN, VNCE, RUN, MCRN, CHARTS.
- I only have an interest in the stocks above if they go through yesterday’s high plus a few pennies.
- The market will either get me in or keep me out.
- The time frame is roughly 3-5 days.
- No one has ever said better than Pradeep Bonde; stocks move in momentum burst that last 3-5 days (I’m paraphrasing), and that is what we look to take advantage of.