Judging by the sentiment polls, there are a lot of traders and investors not long enough. I've been one of them(more on that in a later post). What if the skepticism is wrong? It's certainly looking that way more all the time. Here's a basic list of what I look for when it's time to hammer down on the long side with some current examples. Full Disclosure i'm long DATA and SHAK at the time of posting.
Mid-cap growth leaders: The cloud and data storage continues to be a leading trend with great price action across the group. Recently DATA broke a one year base on a large earnings gap and appears headed much higher. So we've got a in a great group. Last quarter the revenues grew 75%!
The hot china internet stocks: QUNR failed to break the 20 day MA and has traded in this range after doubling.
Highly Doubted Low Float Growth Story: Shake Shak is a highly doubted, low float growth story that's just caught fire. The daily chart is pretty rough looking, but intra-day is showing a monstrous triangle continuation pattern.
Aaand of course there's the highly visible momentum rally. After a two week consolidation PTBI is breaking out
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