|Day Low/High||74.00 / 79.18|
|52 Wk Low/High||26.66 / 78.80|
The process of closing the gap between large-caps and secondary stocks may be starting today.
Many of the stocks favored by speculative traders are coming on strong.
And that's going to stick around for a while longer.
I'm working on positioning in front of some earnings reports where the companies report Tuesday after the closing bell.
There are plenty of small-caps that have finally bounced and are now consolidating.
Negative sentiment in small-caps and biotech has become extreme and the gap-down open this morning was needed to wash out weak holders.
We're going to see some random action in front of the weekend.
This is a nice-looking uptrend right now, and I see no reason to start anticipating major problems.
This action is not at all 'frothy,' which is a common contrary indicator that the bears embrace.
It's unusual to find a growth stock with the potential for revenue increases that's already making money.
I don't want to sound negative as it's a major positive that there isn't aggressive downside follow through.
Stocks with good charts, good fundamentals, and good stories are attracting buyers.