*Blue Plate Specials* – July 20

Breaking out: CAT, CISG, ELON, OREX, PWRD, UXG, WPTE
Breaking out on lower volume (there are many but these are the most compelling): GFA, IBN, JCI
Breaking down: HAR, INFN (to $6.50)
New Highs: BAMM, CISG, FIT, GMCR, HGSI, HITK, NRGY, PWRD
New Highs on lower volume (most compelling): FFIV, IMMU, LFC, UFPI
New Lows: ASBC
Low-priced leaders: BAMM, IMMU, MHLD
Speculative leaders: CRNT, EST, LIOX, TZOO, WPTE, YDNT
Profit taking?: AMKR
Turning around?: GRNB
Sector Watch: New highs: China stocks (GXC), Biotech (FBT—heavy in HGSI), Real-estate (RWX), Tech (XLK), Information Tech (VGT)
Country ETFs: Breaking out: China (FXI), S. Korea (EWY), Mexico (EWW)
Commodities: New 9 month highs: Nickel (JJN), Copper (JJC); Breaking out: Oil&Gas Exploration (XOP), Oil (DBO), Oil Services (OIH), Energy (XLE)
Bonds: Corporate bonds at relative high (CFT)
Market Watch: Bullish signs: VIX below 25 for second day; VXX at new low; most major indexes now above 200dma; Dow Transports at 200dma; many major indexes on verge of breaking out
Note: BEARS SHOULD STRONGLY CONSIDER RUNNING TO COVER!

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