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Plodding ahead
Posted: 19 Mar 2012 11:44 AM PDT
Shares remain in good shape. Breadth and leadership are quite strong, enough so that any intermediate-term correction that occurs should be just that, a correction, and not the end of the bull market. Bulls like this one do not go away quietly.
Last Tuesday's move by the Nasdaq out of its eight-day staging area came on less than average volume, as shown below by the last blue arrow. However, the S&P, the laggard index on this move, saw NYSE volume expand 15% above normal on its take-out day.
Last week's report spoke of a paucity of names with actionable buy points. The reason is that most leaders are materially extended above their most recent support points. The bases are no longer there, for the most part, the market being a victim of its own success.
A few growth-stock glamours, however, do set up technically, including one with expected earnings growth of 100% in each of the next two years. These are. . .To continue reading, please click here.
Fund Prices2024-04-18
| Fund | Price | Day | YTD |
| G | $18.19 | 0.01% | 1.27% |
| F | $18.62 | -0.30% | -3.14% |
| C | $78.45 | -0.21% | 5.50% |
| S | $76.12 | -0.20% | -1.27% |
| I | $40.67 | 0.02% | 1.21% |
| L2065 | $15.58 | -0.13% | 3.04% |
| L2060 | $15.58 | -0.13% | 3.04% |
| L2055 | $15.58 | -0.13% | 3.04% |
| L2050 | $31.35 | -0.13% | 2.44% |
| L2045 | $14.32 | -0.12% | 2.35% |
| L2040 | $52.37 | -0.11% | 2.29% |
| L2035 | $13.85 | -0.10% | 2.21% |
| L2030 | $46.21 | -0.09% | 2.15% |
| L2025 | $12.93 | -0.05% | 1.72% |
| Linc | $25.28 | -0.04% | 1.51% |