Sector Rotation Continues

(IVX | Quote | Chart | News | PowerRating) setting up well with three big-volume days.

(GENZ | Quote | Chart | News | PowerRating) seems to be one of the leaders in Biotech.

(LNCR | Quote | Chart | News | PowerRating) busts out of a five-month flat base. This is one of the nicest breakouts I have seen. Probably means it doesn't work.

(CIMA | Quote | Chart | News | PowerRating) moves to a new high. Just another medical name.

(BEIQ | Quote | Chart | News | PowerRating) showing powerful action but would only scale in.

(FDS | Quote | Chart | News | PowerRating) -- The chart speaks for itself.

I was always taught that to measure the health of the market, look at how many stocks are breaking out. I would not get too crazy. Please keep a close eye on any stock owned and have no tolerance for the downside. The one lesson everyone needed to learn from the past year is: Always keep close stops on your selections.   

Lastly, this is a good time to isolate weakness. I have identified a few shorts in this report and amazingly, even in this better market, most are working. It is always easiest to isolate weakness when the market is moving higher.