Red hot momentum | stockbee

5/15/2013

Red hot momentum

The market continues to exhibit red hot momentum. Such conditions are ideal for breakouts and pullback trades.

The participation of stocks in the rally has started to improve in last 3 days. More sectors are breaking out.

The rally so far was characterized by lack of explosive moves. Explosive moves are moves that are 25% plus moves in a month. In last 2 days the number of stock making 25% move and 50% move has ticked up. 

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