The flat day today is actually a good sign that stocks could move higher from here, and it is the end of the month, so it’s possible.
I posted a chart of GLD on February 18, mentioning that it looked like it could break out, and it did. For those holding GLD, you had a good day.
This move doesn’t look quite as strong as the move it made at the end of ’07, but it does appear that GLD may continue moving higher, which is also good for my recent pick, KGC.
In fact, many metal stocks are doing well, like MTL, which I also had as a pick on the 18th.
Here are some stocks that I will be watching tomorrow.Yes, I just got stopped out of this, but it could offer another buy when ACI breaks out on heavy volume.
Ideally, it should really rest a little before breaking out.
CPHD came very close to my point again today, which is at 33.
Good luck and good trading.