Patience, Patience
Patience, patience. Despite a friendly
Fed and clear accumulation in the New York and Nasdaq markets, the growth crowd
still needs time to round out bases for the intermediate-term trade. Some
backing and filling like we got on Friday is welcome.
High
relative strength stocks forming sound bases still remain relatively few and far
between. By scanning on a nightly basis for high RS stocks, you’ll notice the
proliferation in basers among these names when it occurs.
Talx
(
TALX |
Quote |
Chart |
News |
PowerRating), an application service provider of human resources, benefits
and payroll employee services, is consolidating within a 14-week base.
Skechers
(
SKX |
Quote |
Chart |
News |
PowerRating) is forming a
correction-recovery base.
