I've compiled a list of charts below - all these names trade over their 20, 50, and 200 day moving averages - which is a rare feat in this market. While I am reticent to chase a market that is up so quickly, these would be the type of charts we'd want to focus on if the next pullback is just a healthy consolidation on the way to an intermediate move higher OR we trade sideways. While more "fast money" could be made speculating on flavors of the day like Citigroup (NYSE:C) - that's more for the Las Vegas set. - or more beaten down names which are jumping due to short covering, this is more a list of "strength". Many of these names we've discussed in the past few weeks....
These are sorted by highest market cap to lowest (all the names in this list are over $2 billion market cap, I'll post smaller names later) As you can see, there are a lot of beauty recession plays, from auto replacement stores, which we discussed 2 months ago, to dollar stores on the list - as people enjoy a lifestyle of staycations and sending tax money directly to AIG (NYSE:AIG) and Goldman Sachs (NYSE:GS) millionaires.
Auto Nation (NYSE:AN) could be a sleeper - what a runner. Mylan (NASDAQ:MYL) is a former holding (generic drugs), and Netflix (NASDAQ:NFLX) is also a scenic breakout
Disclosure: Long Illumina, Myriad Genetics, First National Financial in fund (missed Amazon, Netfliex on the turn!); no personal position