This is an excellent market for day traders. Look at how many stocks have 3 dollar plus range. Those trading the Dummies, which is essentially a price/volume expansion method, must be laughing all the way to the bank. Even for swing traders it is very good time, how many times in a year do you get 5 to 25 dollar moves in few weeks.
Now there is a race to call the top. The market might just spend some time sideways to frustrate many and then make its intended move. Till then you have to capitalise on such rare money making opportunities. I have trimmed many holdings like ICE to book profits in the strength and now holding few position where I have high conviction that there is still more upside. In the meanwhile the market continues to offer opportunities for the bold and fearless.
Here is what I have positions in or watching:
AMAG,Advanced Magnetics Inc
CGA,Corus Group Plc
CHDX,Chindex International Inc
CTRN,Citi Trends Inc
DVAX,Dynavax Tech
ENT,Enterra Energy Corp
FMO,Fiduciary Claymore Mlp
HIBB,Hibbett Sporting Goods
ICE,Intercontinental Exchange Inc
JST,Jinpan Internat Ltd
SRDX,Surmodics Inc
X,US Steel Corp
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