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September, 27, 2010

The market pulled back on Monday in rather orderly fashion, more or less, and seeing that volume was low it would be tough to look at the session in a negative light.  I’ve yet to see any evidence that would suggest this rally is anything but healthy, even in the face of weakness in financials.  Remember, we’re not economists, we’re traders/investors; our area of expertise is supply and demand.  The world might be ending, but if they’re bidding stocks up, we buy.  Execution is made that much easier by ignoring entirely both the political and financial media, including those websites and blogs that, frankly, are more guilty pleasure than anything.  Trust your own judgment.     

 

“First tier” leadership is extended for the most part, though there are those that could be offering entries in the form of add-on bases like the ever famous “three-weeks-tight,” for example: RVBD, ADTN, PAY, ACTG, CTSH, ONE come to mind.  “Second tier” leaders are now making themselves known and I’d be at a loss to explain how this could possibly be a negative.     

 

“A” Group

BIDU

AAPL

CRM

NFLX

MELI

NTAP

OPEN

ARUN

GMCR

AMZN

FFIV

PCLN

VMW

ROVI

RAX

TIBX

MMYT

ADTN

PAY

RVBD

APKT

CMG

LFT

ULTA

GOLD

PRGO

CXO

 

“B” Group

LOGM

OSIS

GSM

CIS

SFSF

ASPS

ZOLL

AGP

CRIC

HMSY

AGP

JOBS

SIMG

ACTG

CTSH

EZCH

VSI

BRK/B

IGTE

RES

CYBX

ACOM

SVN

EBIX

SLXP

XXIA

PPO

HLF

RURL

SPRD

 

“Recent IPOs”

ST

CRU

MOTR

AUMN

CIS

KH

IL

MERU

ONE

RP

MDMD

HSFT

QLIK

The screens I run night in and night out continue to snag more and more stocks and both my watchlists continue to materially outperform the market; most importantly, my portfolio is up 146% YTD.  The trend is up and to fight it is futile, regardless of the problems our country may be facing....   



Disclosure: Long: BIDU, CRM, NFLX, MELI, PCLN, VMW, DGP