For big picture, market rally for a long time and get extreme bullish on early March this year. Since then RUT stuck in the range while other index makes marginal new high. Divergence happens on small caps and big caps. Looks we are in a top forming. A 20% kind of correction will likely to happen some time in future and welcome. If that happen I can re-invest in 401K.
For short term, we saw a V shape recovery with low breath. It keeps moving is past 2 weeks. Did not expect it can goes this far. But that what it is. Today there is a lot of b/o, second indicator is close to extreme and LT start showing up. While a lot of setups may work instead of no follow through, time to be cautious.
BIDU,EGOV,TASR,XPO,IMS in my last Friday List b/o strongly today.
[Anticipation List]
This list removed buyout, shares buy-back kind of recent catalyst
MFRM AMED LEAF CMG RDNT DHX BLT SLXP LPNT TSRA LPSN GEO DSW CXW OTEX MWA RCL MAS WY EMC WX
[Good Swing setups in past 5 days]
Go though the list in TC2000: c/c4>1.08 and v>100000
Or go through the list in finviz: Weekly 10%+ move with voloume>100K
(1) AGRX
(2) BIOF
(3) DATA
(4) INVE, very good setup
(5) MNTX, bottom fish
(6) VRNS, bottom fish
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