There are moments in history when events seem to take on a world of their own. For most people they see events, calamities, wars, depressions, and more in total. Most never look (or even bother) to do some form of epidemiology to current events. It all appears too distant to contemplate ever having any real impact on them.
Just as the world seen by Alice was on the other side of the looking-glass so too does this resemble that fictional story. Everything today seems to be on the other side of the glass whether it be a smart phone, tablet, computer, or TV. However, unlike Alice who had to venture thru the glass, this version of reality may just envelop one without needing to go thru to the other side because – we are the other side.
One thing that I am noticing with this market despite it being up close to 10 points as of this post, is that there isn’t a lot of stocks following the rally. Instead there are a lot of individual stocks languishing while the SPX pushes closer to all time highs.
There are some out there that I really like though on this list. The first one is a trade that I took yesterday in Goldcorp (GG) which has formed an extremely nice base and looks ready to push higher in the days ahead as well as start a brand new uptrend.
Buffalo Wild Wings (BWLD) while I am no fan of the actual product, I do think that they have a nice opportunity to break above some major long-term resistance formed in March of 2012.
Finally, Hornbeck Offshore Services (HOS), has some very nice consolidation after a strong run-up and may finally be ready to blaze a trail to new highs once it can effectively cross the $45 mark.
Here’s my swing-trading watch-list.
Be sure to checkout Ryan’s Swing-Trade Ideas at SharePlanner.com