The markets continue to behave very bullishly since the new year started with up day after up day with intraday corrections. It’s my hope that we pull back about 40 points on the Nasdaq, which would then set up some buying opportunities.
InvenSense (NYSE:INVN) was one that appeared on my scan yesterday, but I didn’t add it because it’s a recent IPO and it rallied another 6% today. It’s this sort of bullish action among momentum stocks that will enable this rally to go much further than most think it can.
Chart from video