AMGN-Sitting for 6 weeks as 50 day catches up. On the 21 day right now.
AAPL- Mostly sitting for 3 weeks…edges into new high…iphone 5 soon.
AMZN- Continues to move higher on product announcements.
ALXN- Edging into new highs on no volume.
BIIB- Breaks out of flat base with some volume.
CRUS-Very strong and extended…lots of insider selling showing up.
EQIX- Moves above 200 and then below…may need rest.
EXPE- Still holding 50 day this past week…worried about TRIP and PCLN action in same group.
EBAY- Continues to drift higher.
GOOG- Shows continued strength.
HD- Sitting very tight past 3 weeks. Tried to edge out…pulled back in.
HAIN-Edged out of short stroke pattern.
KORS- No issues so far but no new entry.
MLNX- Slammed on downgrade Friday. Hopefully sets up and gives a chance.
N- Moved a little off tight range.
PETM- Another sitting very tight..
ROST- Back on 50 day…a little worried about late stage.
SHW- No issues…no entry..
SWI- Moved out of tight pattern.
TJX- Just sitting here.
UA- Edges into new high.
V- Sitting tight just above 50 day.
WFM- Still fine but have to think about TFM now.
I am adding ULTA to this list…and think you can take a small probe here off breakaway gap.
Also, LULU may go back on…big move Friday.
Everything service owns doing fine…but definitely watching the ROST and TJX…as they have had a big move. Recent adds like AMZN,REGN,TSCO really working. KORS also doing well but they announced ANOTHER secondary after the close Friday and was down about $2. Not happy about this.
Lastly, a few major indices broke out. I dont have a problem with you being in the SPY,QQQ as long as they don’t tuck their head back in. There was also a good move in the financials as they broke out. Will also continue to look for re-entry on Gold and Silver as I sold service too soon. The FED meets this week with the bet being more printing of money…probably in the $500 billion- $1 trillion.