looks like that rally that won't die just continues to roll on, its looking more likely that the DJIA will test 10,000 before deciding the shorter term direction of the market, there has been a lot of recent talk of the amount of money that has begun to flow back into the markets on the back of fund managers who have missed the initial part of the rally and need to play catch up, as long as that is happening it will be a case of buy the dips instead of sell the rally.
for traders it has been a real smorgasboard of choice recently with multiple high volume breakouts each day.
in terms trading today just keep an eye on volume as a key indicator of the next one to breakout, and don't be scared to book profits when they become available.
GBZ looks strong again this morning after a high volume breakout yesterday, it has broken above its recent accumulation phase around the 25c level. A small snippet in The Australian by Robin Brumby might be partially responsible for the increased interest yesterday, as he is one of the most respected small cap reporters and was responsible for bringing the likes of SFR and RXM to the attention of the broader investment community.
with my beloved Tennessee Titans kicking off the NFL season today, I will be offline through the majority of trade today, so I hope everyone has a profitable day and a great weekend.
