Breakout Day

Yes, the volume was a bit lighter than the cognoscenti would prefer but you can't argue with the new highs nor the breadth. It feels to me that this was a key breakout day for a lot of stocks. On my list AMX, AAPL, SCHW (see, those small sacrifices to the market gods can do wonders), KNOL, GOOG (another sacrifice play), DECK, OSG, CTL, et al, flew!

I find it so interesting how quickly concerns were raised in the past week about this trend feeling tired and vulnerable. And then just like that it revitalizes and runs. Although a sideways week from here wouldn't offend me at all my guess is that the upside accelerates a bit above trend from here.

As to why, I hope one day we find out.

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