Market Condition: Uptrend becomes full blown rally ↑
This Issue has a brief review of: BIIB, CELG, ALXN, JAZZ, QCOR, ABMD, VPHM, GILD, AAPL, FFIV, RAZ, SWI, NUAN, INVN, TIBX, VMW, KORS, DG, MNST, LULU, TSCO, BWLD, LKQX, HIBB, MA, V, TCBI, SBNY, RYL, MTH, LEN, MHO, TOL, FAST, OC, LVS, SHFL, BYI
General Market Outlook: The market is still in a cautious uptrend. This last week the S&P 500 rose 1.6%, the Nasdaq rose 2.7% and the Dow 1.2%. Positive economic data for the week was well accepted, but the fireworks really did not go off, as gauged by the action of leading stocks. Despite the move by the general indices the leaders were somewhat muted.
The Market is still in a correction, and we are still waiting for a follow-through day which would confirm serious institutional commitment of money into the market. Any new market rally (as past sustainable rallies) needs this type of institutional support to have some staying power.
This post looks at: DG, GNC, CXO, GPOR, CJES, MA, V, UA, RHT, TCBI, SBNY, BWLD
Market Condition: ↓ In a correction attempting to rally
