Before I get started tonight I want to comment on a change to how stock charts are displayed that some readers may have already taken notice of. Long time readers are aware that I used to embed the charts directly into the posts. Now though all charts are thumbnails that link to a full view of each chart on its own page.
While this may be considered more tedious (extra clicks suck right?) there is a reason for my madness. Because of this change I can now start making the stock charts larger in scale. The attachments pages allow for widths up to over 900px wide instead of the current approx 530px.
Over the next few weeks I will be experimenting with different sizes that stockcharts.com offers. Tonight for example instead of using the regular charts that are 520px wide I will be using the 620px width versions. Hopefully you enjoy them!
So with that aside this market still looks ok here. Leaders like BIDU and CMG extended their gains and other charts still look great. Personally I am still taking new positions at this time but keeping stops tight as usual. In today's market the successful investor is ready for anything. Six great stock picks from the past month below.
1. Baidu.com (BIDU), +18.65%
BIDU is now up over 16 points from my original buypoint of $87.50. A huge day on increasing volume shows just how much strength is behind the stock at this time.
2. Amazon (AMZN), +20.29%
Since mentioning AMZN at $132.49 the stock is up nearly 17 points and has claimed fresh all-time highs.
3. Expedia (EXPE), +19.60%
A steady climber since being featured at $24.49, EXPE has moved up nearly 20% the last few weeks.
4. Chipotle Mexican Grill (CMG), +13.81%
Chipotle has been a big time performer in my own personal portfolio lately. Since the original buypoint of $154.50 the stock has moved up 20 points and today closed at another record high.
5. Lubrizol (LZ), +10.37%
Since my $96.20 buy point this chemical stock has moved up over 10%. What worries me recently though is the lack of distinct accumulation. I raised my stops today and am watching this stock closely for further potential weakness.
6. Aruba Networks (ARUN), +28.72%
Since my $17.20 buypoint this internet network software stock has moved up on huge volume. The last week has been a sloppy though so keep raising stops and don't shun away from taking some profits off the table.
Thank you for reading and supporting the site and as always stay frosty out there !