Ups and Downs

It was a good week for the bears on Monday and Tuesday but then the Bulls took everything back to end the week with some really good strength. The NASDAQ is making new highs and most of the stocks I follow that are bullish, pushed higher.
There are still some weak sectors and nice weak charts inside those sectors but I thought I would just review the earlier charts posted.

DO exploded higher and although there is no reason to exit if you have longer term goals, I took profits and ran. What a beautiful break out, re test, and strong bounce

GRMN also exploded out of its bull flag. The pattern suggests a price target of 73 -74. Its always nice to these patterns hold up. Look for another flag to form before we get there.

CEG is still well within its pattern of lower highs and lower lows but I was most disappointed with it breaking the neckline. Only because thats when I entered my bearish position. Lets see what next week brings.

CAH is forming the right shoulder in perfectly. The last three days the market has pushed higher by 400 points and you can see volume has picked up as Cardinal has pushed lower.

A nice long just breaking out is CLF. A lot of volume behind the move. X is starting to bounce and selling puts might be the best way to take advantage of the high implied volatility.

GILD is looking like a nice short. look for a maybe a 10 point move.