Tuesday, May 19, 2009

HERE WE GO AGAIN

The 880 support on the S&P 500 held last week and we had a nice rally today. The volume was on the lighter side but the breadth was nice. In other words, there were a lot of stock participating. It was hard not to have a winning trade on a day like this, but I do want to recap some of the winners from last week. MOS, POT, TRA, AGU, CF, IPI, and SQM were all big winners. GS, MVSN, PALM, and CPWR also made nice moves. JRCC, PCX, BTU, ANR, MEE, FCL, FLR, RIG, CHK, APA, DNR, and COST also look like they could continue to move up. Many of these stocks could still move higher. The VIX broke through another support which is also a bullish indicator.

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