"The "doing" part of trading is simple. You just pick up the phone and place orders. The "being" part is a bit more subtle. It's like being an athlete. It's commitment and mission. To the committed, a world of support appears. All manner of unforeseen assistance materializes to support and propel the committed to meet grand destiny."
- Ed Seykota
Wednesday, June 4, 2008
New High Themes
Resource and Energy stocks dominate the new high pool for quite a while. Periodically Rail Transportation and Technology stocks show up in the pool.
Recently many small cap stocks fly higher. Their moves are magnificent and volatile. This might explain how Russell 2000 outperforms S&P and Dow recent days. This kind of conditions might not be good for the general market.
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