The stock remains in the buy zone and should prove to be one of the leaders on the
next leg higher in the general market.
Gander Mountain has reached a critical point that should determine the short term
course of its stock price. A solid break of this downward trend line on expanding volume
will be a huge positive. A failure and turn away may very well bring about one more test of the stocks lows.
AMD had a very average pull back today and on declining volume which is a bullish development. I expect the stock to get back on track with higher prices as early as Friday.
I talked yesterday about the Airline Index either proving or disproving a continuation of its intermediate term rally and today was a failure and caused us to exit the last half of our position.No complaints however as it managed a very nice return for us and in a very short time frame.
We will see what this potential decline in XAL is made of as Long Term the index still has a good amount of pent up demand and much higher prices. We may very well re-visit again.
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