If I Am Right About This Market, This Is Where You Should Be

The leading NASDAQ index is
now sitting above its 200-day moving average after two consecutive days of
above-average accumulation.

 

 

We have been talking about a
strengthening market for weeks now and it is coming to fruition.  This is the
time to continue to focus on growth stocks and leading sectors.  Anteon
Int’l (ANT) saw a nice breakout a couple of days ago.

 

 

Google (GOOG)
has gone parabolic since this market found itself in an uptrend and doesn’t
look like it wants to stop anytime soon.  Obviously, this is probably the
strongest institutional stock in the market.

 

 

Travelzoo (TZOO)
saw some early gains out of the gates and is now consolidating.  The stock has
found support at its 50-day moving average three different times.

 

 

Commodity plays such as oil
and steel are running into trouble.  With so many other strong options to
play, these sectors may carry more risk than they are worth.

 

 

Anyone who has read this
column regularly knows that I believe the market is going much higher.  If I
am right about that, this is the time to invest.  Growth stocks with strong
fundamentals and technicals, leading sectors and the NASDAQ are the places to
be.

Enjoy your weekend!