TGIF - Memorial Day Weekend

Stocks got nailed this week and that took some of the steam away from the market. The sell side was dominated by big volume, weakness in the AD line, and a fallout in new highs. The extreme immediate shift has the right feel to it - sellers felt bold and sold aggressively. What happened next is typical of bull markets - an immediate rally back to the old highs. Many will get hung up on the weak volume or AD line of or new highs but for the present that is less important than the direction. The internals will fix themselves within a few days.

Check out the action in RIMM (a new name for us), AMX, SBS, AAPL, PCU, OSG, CI, TU & DECK. These are powerhouse stocks that don't quit and the names to build a portfolio around. Lots of factors go into good portfolio management and we understand the process better than most. Check in with us if you have any thoughts or questions.

Have a great weekend. In memory of the fallen...