The market (Nasdaq) is up about 13 points at mid-day Thursday. Up volumes outpace down volumes, at least 2 to 1 on both exchanges. Advance issues also outpace decline issues. All these statistics are bold well for the market to have a holiday rally in the coming weeks. The strong up momentum is still intact for the market. Use your cash to buy stocks, not just normal stocks, but stocks with market leaderships.
Speaking of leaderships, the following stocks are worth mentioning:
(CUTR), profiled last weekend, it is up again and it penetrates the old highs created in the recent days. The stock broke the cup and handle formation, it is a leader in its fields. Even its competitors are doing well, (ELOS), it is very close to its old highs as well. The whole medical laser group over all is doing very well.
(LOJN), another one I mentioned several days ago. If you go thru all the archives from my blog, you should be able to find it. It is in the anti auto-thief business. Its products are in high demand. It has the biggest market share in its business. More dealerships are installing their systems to their customers than ever before. Besides the auto business. It tries tackle the computer thief business as well.
(ISRG) is no doubt, another gang buster. it was mentioned multiple times.
After the market closes today, look for earnings from (MRVL), (MSCC), and (HIBB). These are some of the biggest potential movers. (GYMB) was a good buy before close yesterday. I sold them this morning because it guided down its earning for next quarter.
Tomorrow's post, I will bring up more leaders to you all to see. In today's strong up mometum market, if you can not buy market leaders, then you are losing opportunity to make money. Until next time.
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