The Most Important Thing To Focus On

Raise your hand if you’re feeling bullish!
The Nasdaq confirmed the rally we are in is for real by producing a
solid, 2.6% gain on heavier
volume than yesterday. The
S&P 500 and NYSE were not far behind with heavier
volume and solid gains as well (not shown on
Supercharts below).

The fact that the
Federal Reserve is not going to raise rates
anytime soon came as
very positive
news. Most growth companies, such as many of today’s market
leaders, are not going to complain that rates are at 45-year lows and not
going up! That is the perfect environment
to boost profits.

The Internet stocks have
produced some of the market’s best leaders since the March rally began. Yahoo!

(
YHOO |
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release.

The current market seems to
be working off a correction attempt and may be putting it behind.
The most important thing is to focus on solid companies that provide
new products and services.
Packeteer

(
PKTR |
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volume as the company’s internet
infrastructure applications are finding their way to the bottom-line.

Even
though the Chinese internet stocks may get hit tomorrow following the
Netease
(
NTES |
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earnings after the bell, these stocks are bringing the Internet to

China, the world’s most populous
country.

Keep a close eye on these and
other stocks for solid signs of accumulation, healthy pullbacks and breakouts
through resistance. Most of these names were not present
during the 90s, but they are strong enough to lead things higher right now.
Other names include:
(
SINA |
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(
IVGN |
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(
NTAP |
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(
LEND |
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(
NCEN |
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(
RYL |
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(
HOV |
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(
UOPX |
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(
IMDC |
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Until Thursday,