Fat Tuesday for the Naz?

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Cha ching, the bulls got aggressive today. NASDAQ leading the way, ADV 1954/DCL 1082 on the Naz. Near 2 to 1 ratio, which is something you want to see in a bull charge. The NASDAQ cleared its 50 day on excellent volume near 2 billion shares. Although, I would’ve loved to have seen it been 2.2 to 2.4 billion share range…Overall, the market had 413 new highs to 131 new lows…better than 3 to 1 margin…this is definitely a great case for the Bulls.

The Top 30 fundamental stocks rose a cool 1.4% today. For the week, JUPM is leading the charge followed by LMS – ATEA – EXM – PDC & FTO. Losers for the week; SOLD – NTRI

Buy list was up .77% for the day. IKAN – RACK – HANS – CYBS are leading the charge. Nearing it’s stop, ATRO is down 5.4% at the moment.

Now, we need to see a follow through day within the next 3-7 trading days. Even if a distribution day is thrown in the mix…otherwise if we see multiple distribution days we’ll more than likely see the end to this rally’s road. Still many buys popping up here, no need to panic or start selling winners. Many are still acting very nicely. Keeping an ear to the wind and eye on the market will pay DIVIDENDS.

MktSpec