Thursday, December 18, 2008

New Leadership (AVAV Breaking out)

Been quiet here lately as far as posting, but still playing the Obama Bid - hopefully all the way to the inauguration. If we see something funny at year end, or if we start straight down on Jan. 2, then I am bailing out or getting short (one or both).

Anyway, there are live stocks out there right now. There were some great bounce-trades lately, but at this stage of the retracement I prefer new leadership without significant overhead resistance.

Here is the updated Hit-List. I don't have time to categorize the industry groups, but none of these are from low-ranking groups.

AVAV (breaking out on strong, rising volume today)
DLTR
THOR
MYGN
AMGN
CEPH
ALGT
SXCI (very thin)
EMS (thin)
LOPE (thin, ipo, but trying to hold this thing at least to year-end)