Too many charts looking good, market must be going up!
When so many charts are looking good, it is a good sign for the market.
Look at the Nasdaq:
It is a very pretty chart, the Trix is trending up, the Bollinger Bands are compressing and the only negative thing is that there is resistance overhead. But resistance is meant to be broken and I think the Nasdaq will push thorugh it.
So, what looks good?
Well, so many things do, let me give you a few, start with NFLX:
Yes, the stock has been flying, but I think it will continue to do so, nobody is close to $NFLX in downloads and subscribers. The Trix is positive, it is ready to break out, it could easily move $20 dollars in no time.
Look at Teradata $TDC:
Same thing, the bands are compressing, the Trix is up, it should continue moving up.
Then there is GRMN, winding like a coiled spring, ready to burst out of the squeeze in those Bollinger Bands, one of these days it will do it, I hope I can ride it:
I could show you many more, there is $IBM, which already reported, why not then go for $ORCL:
There are many more, like MELI, already flying, IBM, EMC, CTXS, AXP, BA (This one looks great!), ILMN, RAX, QCOM and PCLN.
Take your pick, the market looks good, enjoy!
(just think, I did not even mention $AAPL!)