The market continues to show good momentum. Quality stocks are breaking out on high volume and more sectors are joining the rally. There might be correction along the way but the market is unlikely to reverse in a hurry. Some sectors will continue their rally. Momentum does not revert suddenly, the bears may wish for it , but that is not how markets behave. It will take few months for it to reverse.
It is time to be aggressive on good earnings plays. Nothing excites Wall Street more than earning acceleration. The high volume action you see in number of stocks is a clear sign of institutional buying. It is not mom and pop buying which generates that kind of volume.
Here is what I have on my watch or have positions in.
AAI,Airtran Hldg
AEZ,American Oil & Gas Inc
AOB,American Oriental Bioengineering Inc
ARIA,Ariad Pharmaceuticals
ARM,Arvinmeritor Inc
BRLC,Syntax-Brillian Corp
CAL,Continental Airlines B
CHINA,CDC Corp Class A
CME,Chicago Mercantile Exchange
CORS,Corus Bankshares Inc
DAKT,Daktronics Inc
ECMV,E Com Ventures Inc
ESE,Esco Technologies Inc
GCFB,Granite City Food & Brewery Ltd
GMTN,Gander Mountain Co
GROW,U.S. Global Invest Inc A
GRZ,Gold Reserve Inc
INWK,Innerworkings Inc
JWA,John Wiley & Sons Cl A
LCC,US Airways Group Inc
MALL,Pc Mall Inc
MELA,Electro-Optical Sciences Inc
PEIX,Pacific Ethanol Inc
RATE,Bankrate Inc
SVM,Servicemaster Co The
TRMS,Trimeris Inc
VNDA,Vanda Pharmaceuticals Inc
ZVUE,Handheld Entertainment Inc
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