kaltbaum weekend
The growth leaders:
AMZN- Back on this list but not sure of wide and loose pattern.
AMGN- A buy moving above $89.60.
EXPE- Acting fine…but just sitting.
EBAY-Just sat on light volume all week.
HD- Sitting past two weeks.
MA– Pulling into 50 day where service may probe.
REGN- Sitting just above mini-breakout.
RAX- Needs to hold 50 day….not thrilling up/down action.
SHW- Breaks just below 50 day…has come long way…may become a short on a clean break.
V- Sitting with no entry in sight.
ULTA- Needs some time in here.
The NASDAQ/NDX looks like crap…with AAPL and GOOG not helping. All the permabulls on AAPL don’t know what is hitting them. Remember, AAPL came off this list after it broke the 50 day and could not get above it.
The service added AMGN as a play…but the problem is that growth remains out of favor. The move in this market has been led by financials, industrial-types, foreign stuff…but not growth. Normally, I would tell you it is just a matter of time that the rest of the market joins the nasdaq/ndx but with AAPL and GOOG weak…not sure. They are very important to the indices.
I am also looking at the bases in AMT and PETM.
Lastly, CRM is still in play with a move above 160.50.