Timothy J. Truebenbach is the
President of True Capital Management and general partner of True Capital
Partners LP, a hedge fund. He uses a disciplined model that trades on the
intermediate-term time frame. For a free trial to Tim's Nightly Stock Analysis
Report
click here or call
888-484-8220 ext. 1.
The market is as sound as ever and leadership is very
broad-based.
This week is a shortened due to the Thanksgiving holiday, so we may not see much
difference in the current trend. Leadership is very broad and includes small-,
mid- and large-cap names such as Copa (CPA | news | PowerRating | PR Charts ), Google (GOOG | news | PowerRating | PR Charts )
and US Global (GROW | news | PowerRating | PR Charts ).
These three names are clearly standout stocks,
but there are many more to choose from.
The only problem we have to concern ourselves with is in the fact that
everything is rising and overwhelming bullish sentiment. Clearly, these are not
reasons to avoid the market, but they do remind us to be very watchful for any
distribution or signs that leading stocks may be stalling. Right now, everything
seems to be pushing higher with the strongest stocks making the biggest runs.
Chart courtesy of
StockCharts.com
Chart courtesy of
StockCharts.com
Happy Thanksgiving and I’ll see you next week!
