The market has extended its gains since last week Wednesday with many stocks packing on fantastic returns.
For me personally what I am watching very closely now is to see what will be the next major accumulation or distribution day. For those who follow CANSLIM this rally is now heading into day 6 tomorrow and we need to see a confirmation day to affirm direction. If we see a heavy distribution day instead I will be quickly taking profits off the table and moving back into a heavy cash position.
And now onto the analysis.
S&P 500 (SPX) - Looks like we are trading in a range. Declining volume the last few sessions means we need to see another high volume day to serve as confirmation this rally is serious.
Netflix (NFLX) - This stock is right back at fresh all time highs after breaking out of this bullish channel to the upside. NFLX was first mentioned way back at $62 in February, crazy to think how fast some stocks can move up.
Priceline.com (PCLN) - Since breaking back above $200 in July this online travel site has run up more than 60%! A very nice run.
Buffalo Wild Wings (BWLD) - Two key breakouts have set the tone for this stock as it continues to chip away the gap range from the April sell off.
Childrens Place Retail (PLCE) - This stock is a long term channel but is making some headway on its latest run back towards $50 highs. If the market continues its rally this stock could be testing $50 again sooner rather than later.
Chipotle Mexican Grill (CMG) - I am long this popular restaurant chain at my previously featured buypoint of $154.50. Stock needs another large volume accumulation day to serve as confirmation.
Isilon Systems (ISLN) - This stock has been on the watchlist for a while now. I originally had this stock pegged for its break through $18.10. The stock is up over 25% since then.
Lubrizol (LZ) - This is the only other stock I am long at moment at my buypoint of $96.20. Still looking fine at the moment.
Radware (RDWR) - Although a bit volatile the break through $24 was the start of a nice uptrend that has seen this stock move up over 10% now since the break.
Other stocks to keep a close eye on: AAPL, FFIV, BUCY, CTSH, CROX, XTEX, DE, DTV, ExPE, EZCH, PAY, GS, GMCR, HLF, HMIN, JOYG, JNPR, MTL, NTAP, RVBD, UA, VRX, VHC.
This will be my last post for the week so I will see you after the weekend. Stay frosty out there! ![]()










You've got a nice bunch of Trade Picks there. NFLX is looking strong