Another great week for the market. Nasdaq broke a series of new year high last week. It continues the strong up momentum build up from last week. It looks to be a merry X'mas for many investors.
Unlike the old days, today's market is stock pickers' market. In the late 80's and the 90's, if you pick a stock and stay with it, you will make money. But today's market, if you pick the wrong one, you will get harmered with the stock. If you pick the stocks that are not performing, you will just watch other people making money instead of you. Therefore, it is very important to pick stock market in today's market.
More and more market emerged last week as the market marched up last week, it is another good sign for the rally to continue. Beside the market leaders I have mentioned last week (ISRG), (CUTR), (LOJN), I will bring up more stocks for the coming week.
This week the semiconductor stocks broke thru the resistance level for the first time in a while. This should up lift the rest of the non-performing stocks in the group. (MRVL) is clearly a semi group leader. It gapped up last Friday with very powerful up volume because of the good earning and upbeat guidance. Other names in the groups are: (MSCC), (KLIC) (will break new high soon), AMD, and (DIOD).
Aside from the semi area, another one is worth mentioned is (CMED), it broke a series of new highs for the past two weeks. I believe the 10-day moving average is the entry point for this stock. It is Chinese medical technology stock. Its main focus is in the area of ultrasound therapy system for cancer treatments. It is a very hot industry in a high demand country of China.
(NDAQ), the Nasdaq exchange stock. Like many of the exchangers, (CME) and (CBOT). It is making higher high on a weekly basis. It has very strong up momentum.
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