The markets have delivered more follow-through for us since our last update.  At this juncture, some indices have risen for 8 straight trading days.  Many, actually, nearly all our names have made higher highs on Friday or this morning.

Bullish ideas, ORCL, FXI and RSX have all moved up a few percentage points or more as of this morning and have approached resistance levels we identified.  Keep this and the time factor in mind.

Additionally, all bullish mentions have moved up from the publishing of the newsletter last Tuesday.  They include OIH, XLE, CVX, LUV, UAA, APA, LLY, BIDU, ZION, TRGP, AXP, BYD, PUMP* and ROST, which was a trend reversal mention.

Things looked good from the bull side and they’ve remained so but we’re now many days into this rally and there’s been a good deal of movement in some cases.  Keep that in mind as you manage these names.

The past week proves once again that when the markets allow for opportunity, we have a chance to capitalize on it, and when they do not (the prior 2 weeks or so), it’s much more difficult to play the directional game.  Also, when the cycles dovetail with our publishing time, we’re very grateful.  The market’s wind at our backs allowed for all 17 names to attempt to move higher…

Thanks,

Wayne Razzi