4/19/2011

Market is settling down in range here



Market is settling down in range here.
After the big bounce there has been a pullback but rally remains intact with pockets of strength.
Narrower group of stocks are leading the action. As long as that continues select breakouts will work.
Earnings is creating new leaders and those leaders are something to watch for.
Selling pressure so far has been mild, in this kind of environment there can be whipsaws and news like we saw yesterday can create high volatility but unless we see more days on negative side this still is bullish market.

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